3.12 Acres at Busy Intersection

Listing was updated at: 01/21/2020
Property Overview
Price/Rent PSF $ 795,000.00
Asset Type Land
Trade Type Sale
Acres Available 3.12
Date Available 01/21/2020
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The property is located near the intersection of Raeford Rd and Cliffdale Rd where the traffic count is at 27,000 vehicles daily. The immediate surrounding area is a bustling commercial hub for the western side of Cumberland County. Many national retails like Walmart, Lowes, Food Lion, and many others have opened in the area as well as many fast food chains. The I-295 interchange will be opening about 1.5 miles to the east. In recent years, the VA, Cape Fear Valley, and First Health have opened hospitals nearby. The area to the north on Cliffdale Rd has dense residential neighborhoods. Within a three mile radius are 38,635 residents with an average household income of $73,201.

This 3.12 acre site on Raeford Rd is a prime location for your commercial or multifamily development. The property is zoned Limited Commercial (LC) which will allow for many uses such as retail, multifamily, hotel, gym, and more. It has access from Raeford Rd with a shared driveway and Cliffdale Rd by easement through the Rite Aid parking lot. The site has mostly level topography with the utilities located on or at the property line.