2 Acres for Medical Office Development Next to Major Healthcare Center

Highlights:

• 2.05-acre assemblage on Owen Dr and Terry Cir.
• Ideal for medical office space redevelopment.
• Zoned OI and SF10 in Hospital Overlay District.
• Adjacent to Cape Fear Valley Medical Center.
• Over 53,000 vehicles in daily traffic count.
• Daytime population of 189,637 within five miles.

Description:

This 2.05-acre assemblage of seven parcels on Owen Drive and Terry Circle in Fayetteville, NC, is a prime redevelopment opportunity. Most of the buildings were built in the mid-1950s and later renovated, these properties are ready for a new chapter, ideally suited for medical office space given their adjacency to Cape Fear Valley Medical Center and proximity to the new Methodist University residency campus. Zoned OI and SF10 within the Hospital Overlay District, the site supports a range of medical and professional uses but excludes retail. The area benefits from robust traffic exposure, with over 53,000 cars passing daily, providing excellent visibility for future development.

Situated near major healthcare institutions, this assemblage is positioned in a key area of Fayetteville with a substantial daytime population of 189,637 within a five-mile radius. The location offers convenient access to main thoroughfares, enhancing connectivity for staff, patients, and visitors. Surrounded by a mix of residential neighborhoods, commercial centers, and medical facilities, the area is poised for ongoing growth and investment. The proximity to Cape Fear Valley Medical Center and Methodist University further underscores the site's suitability for medical office development, aligning with the community's healthcare-focused trajectory.

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