2 Acres for Medical Office Development 7 Properties Offered at $4,050,000 in Fayetteville, NC

INVESTMENT HIGHLIGHTS

  • 2.05-acre assemblage on Owen Dr and Terry Cir.
  • Zoned OI and SF10 in Hospital Overlay District.
  • Over 53,000 vehicles in daily traffic count.
  • Ideal for medical office space redevelopment.
  • Adjacent to Cape Fear Valley Medical Center.
  • Daytime population of 189,637 within five miles.

EXECUTIVE SUMMARY

This 2.05-acre assemblage of seven parcels on Owen Drive and Terry Circle in Fayetteville, NC, is a prime redevelopment opportunity. Most of the buildings were built in the mid-1950s and later renovated, these properties are ready for a new chapter, ideally suited for medical office space given their adjacency to Cape Fear Valley Medical Center and proximity to the new Methodist University residency campus. Zoned OI and SF10 within the Hospital Overlay District, the site supports a range of medical and professional uses but excludes retail. The area benefits from robust traffic exposure, with over 53,000 cars passing daily, providing excellent visibility for future development.

PROPERTY FACTS

Price $4,050,000
Price / SF $323.51 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 7
Individually For Sale 0
Total Building Size 12,519 SF
Total Land Area 1.54 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
513 Owen Dr, Fayetteville, NC 28304 Health Care 4,537 SF 1955 -
522 Terry Cir, Fayetteville, NC 28304 Multifamily 1,378 SF 1956 -
526 Terry Cir, Fayetteville, NC 28304 Multifamily 1,217 SF 1957 -
528 Terry Cir, Fayetteville, NC 28304 Multifamily 1,055 SF 1956 -
523 Owen Dr, Fayetteville, NC 28304 Office 1,588 SF 1956 -
519 Owen Dr, Fayetteville, NC 28304 Office 1,447 SF 1955 -
530 Terry Cir, Fayetteville, NC 28304 Office 1,297 SF 1956 -
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  • Listing ID: 33412890

  • Date on Market: 10/4/2024

  • Last Updated:

  • Address: 2 Acres for Medical Office Development, Fayetteville, NC