2 Acres for Medical Office Development
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2 Acres for Medical Office Development
7 Properties Offered at £3,195,450 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 | £3,195,450 | Number of Properties | 7 |
| Price / SF | £255.25 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 12,519 SF |
| Status | Active | Total Land Area | 1.07 AC |
| Price | £3,195,450 |
| Price / SF | £255.25 / 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 | 1.07 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 530 Terry Cir, Fayetteville, NC 28304 | Office | 1,297 SF | 1956 | - |
| 523 Owen Dr, Fayetteville, NC 28304 | Office | 1,588 SF | 1956 | - |
| 519 Owen Dr, Fayetteville, NC 28304 | Office | 1,447 SF | 1955 | - |
| 513 Owen Dr, Fayetteville, NC 28304 | Health Care | 4,537 SF | 1955 | - |
| 522 Terry Cir, Fayetteville, NC 28304 | Residential | 1,378 SF | 1956 | - |
| 526 Terry Cir, Fayetteville, NC 28304 | Residential | 1,217 SF | 1957 | - |
| 528 Terry Cir, Fayetteville, NC 28304 | Residential | 1,055 SF | 1956 | - |
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Power Broker Patrick Murray, CCIM, SIOR -
Richard Fox III -
Grant-Murray Real Estate LLC
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2 Acres for Medical Office Development
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