Fayetteville, NC 28306,0 Cumberland Road
Fayetteville, NC 28306,0 Cumberland Road
Fayetteville, NC 28306,0 Cumberland Road
Fayetteville, NC 28306,0 Cumberland Road
Fayetteville, NC 28306,0 Cumberland Road
Fayetteville, NC 28306,0 Cumberland Road
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Listed by RE/MAX CHOICE
Bought with HomeSeller Resource, Inc.

$115,000

$114,900

0.1%
Est.Price: ?

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Est. payment /mo

6.74 Acres Lot


SOLD DATE : 11/25/2024

Key Details

Sold Price $115,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID LP733811

Sold Date 11/25/24

Originating Board Triangle MLS

Lot Size 6.740 Acres

Acres 6.74

Property Description

Located near the bustling intersection of Cumberland Road and George Owen Road in Hope Mills, this 6.74-acre property features a two-sided billboard—one fixed and one digital—providing steady income with last year's revenue totaling $16,425.68. With annual taxes of just $938.02, the property delivers a strong NOI of $15,487.66, offering investors an attractive 13.5% cap rate. Beyond the billboard income, the property offers a fantastic value-add opportunity to subdivide the lot, potentially unlocking further possible development or recreational use. Ideal for investors seeking both immediate returns and long-term growth potential.

Location

State NC

County Cumberland

Zoning C(P) - Planned Commercial

Exterior

Utilities Available Natural Gas Not Available

Waterfront Description Creek,Stream

View Y/N Yes

Private Pool No

Building

Lot Description Wooded, Other

Sewer None

Others

Tax ID 0405668151.000

Special Listing Condition Standard

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Doorify MLS / Triangle MLS
agent-avatar

+1(724) 312-5569

matessa.ncrealtor@gmail.com

Raleigh, NC, 27616, United States

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