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W Palmer St - Listed WELL BELOW tax value -Seller motivated 3.08 Acres of Commercial Land Offered at $347,810 CAD in Raeford, NC 28376
INVESTMENT HIGHLIGHTS
- Dual frontage on both roads, maximizing visibility and accessibility.
EXECUTIVE SUMMARY
Situated just outside downtown Raeford, this property benefits from strong local demographics and proximity to key community assets. Directly across from West Hoke Middle School, it captures consistent traffic from school-related activities and daily commutes. The area shows promising growth with a projected 2024 population of 16,259 within a 5-mile radius and an average household income of $57,217 in the immediate vicinity. The location is easily accessible to the broader Fayetteville submarket, enhancing its attractiveness for businesses seeking regional exposure.
PROPERTY FACTS
| Price | $347,810 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 3.08 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | HC - Highway Commercial | ||
| Price | $347,810 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 3.08 AC |
| Opportunity Zone |
Yes |
| Zoning | HC - Highway Commercial |
1 LOT AVAILABLE
Lot 2
| Price | $347,810 CAD | Lot Size | 3.08 AC |
| Price Per AC | $112,925.32 CAD |
| Price | $347,810 CAD |
| Price Per AC | $112,925.32 CAD |
| Lot Size | 3.08 AC |
This 3.08-acre site in Raeford, NC, zoned for Highway Commercial (HC) use, offers exceptional development potential at $450,000.
DESCRIPTION
This 3.08-acre site in Raeford, NC, zoned for Highway Commercial (HC) use, offers exceptional development potential at $450,000. Located at the signalized intersection of W Prospect Avenue and W Palmer Street, the property boasts dual frontage on both roads, maximizing visibility and accessibility. The parcel wraps around an established family medical practice with a shared driveway, enhancing its appeal for complementary commercial uses such as retail, office space, or service-oriented businesses. Its substantial size and strategic layout provide flexibility for various development concepts, from single-tenant builds to multi-use commercial projects.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $986,014 CAD | Total Assessment | $986,014 CAD |
PROPERTY TAXES
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W Palmer St - Listed WELL BELOW tax value -Seller motivated
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