1.23-Acre Redevelopment Opportunity | 3406 Raeford Rd
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1.23-Acre Redevelopment Opportunity 3406 Raeford Rd
10,953 SF Retail Building Fayetteville, NC 28303 £1,021,088 (£93/SF)
Investment Highlights
- 1.23-acre site with 190 feet of Raeford Rd frontage.
- Ideal for QSR or other retail redevelopment.
- Near Cape Fear Valley Medical Center and Fort Liberty.
- High-traffic area with 33,000 daily vehicle count.
- Zoned LC, permitting drive-throughs and other commercial uses.
Executive Summary
Located at 3406 Raeford Rd, Fayetteville, NC, this 1.23-acre property offers an exceptional opportunity for redevelopment. With 190 feet of prime frontage along Raeford Rd, which sees 33,000 vehicles daily, the site is ideal for new commercial projects, especially in the quick-service restaurant (QSR) sector. While the current 10,953-square-foot structure, built in 1963, has been used as a restaurant, its age and condition make the property more suitable for a fresh start. Zoned Limited Commercial (LC), the site allows for a wide variety of commercial applications, including drive-through restaurants. Investors and developers can capitalize on the high-traffic location and flexible zoning to create a modern and profitable commercial space. The property is listed for $1,292,500, reflecting its redevelopment potential in one of Fayetteville’s busiest corridors.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Building Size
10,953 SF
Building Class
C
Year Built
1963
Price
£1,021,088
Price Per SF
£93
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
1.23 AC
Zoning
LC - Limited Commercial
Parking
90 Spaces (8.22 Spaces per 1,000 SF Leased)
Frontage
190 ft on Raeford Rd
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0417-81-7223 | Improvements Assessment | £205,482 (2023) |
| Land Assessment | £456,912 (2023) | Total Assessment | £662,394 (2023) |
PROPERTY TAXES
Parcel Number
0417-81-7223
Land Assessment
£456,912 (2023)
Improvements Assessment
£205,482 (2023)
Total Assessment
£662,394 (2023)
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Power Broker Patrick Murray, CCIM, SIOR -
Richard Fox III -
Grant-Murray Real Estate LLC
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1.23-Acre Redevelopment Opportunity | 3406 Raeford Rd
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