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0 Cumberland Road, 
Fayetteville, NC 28306

$115,000


Bed


Bath


-

Sq Ft


6.74

Acres (Lot)


Land

Sold

Listed by

Gene Ray

Enisa "Nina" Ray

Bought with HomeSeller Resource, Inc.

RE/MAX Choice

910-483-7500

MLS#

LP733811

Source:

RD

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About This Land

0 Cumberland Road

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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

6.74

MLS #:

LP733811

Sold:

November 25, 2024


Finances & Disclosures

Finances

Price:

$114,900

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