3.5 AC Corner - Hwy 24 & Downing Rd

Vacant Land for Sale
Catylist Listing ID: 30799074
Property Subtypes: Industrial, Retail
Gross Land Area: 3.50 Acres
Sale Price: $575,000
Unit Price: $164,285 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/21/2022

Overview / Comments

2535 Downing Rd is a 3.5 acre parcel available for sale for $575,000. The property sits with on the corner of NC Hwy 24 and Downing Rd with 274' frontage along NC Hwy 24. A majority of the land is zoned CC and a portion in the back is zoned HI. The land has full access and there is an existing turn lane off Hwy 24 in place. The land is the last corner before the on-ramp for I-95 travelled by 40,500 cars per day (2020 NCDOT).

The land is level and a small portion in the back sits in the 500-year flood zone. This is a perfect location for a convenience store with gas, truck stop, or industrial distribution use. There is a sewer line that runs along Downing Rd and the property is in the Fayetteville jurisdiction.

The corner of Hwy 24 & Downing Rd right before I-95.

Additional Details

Nearest MSA: Fayetteville
County: Cumberland
Tax ID/APN: 0457-21-4841
Zoning: CC & HI

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,204 11,878 53,811
Median Age: 35.64 35.61 37.62
Households: 876 4,900 22,195
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