$ 114,900
0 Cumberland Road Fayetteville, NC 28306
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by RE/MAX CHOICE
$ 114,900
Est. payment /mo
Pending
0 Cumberland Road Fayetteville, NC 28306
6.74 Acres Lot
UPDATED:
10/24/2024 02:40 AM
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID LP733811
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 Yes
Waterfront Description Creek,Stream
View Y/N Yes
Private Pool No
Building
Lot Description Wooded, Other
Sewer None
Others
Tax ID 0405668151.000
