519 & 521 Grove Street
Retail
Marketing description
Avison Young is pleased to present an excellent investment opportunity, 519 & 521 Grove Street in Fayetteville, North Carolina (the "Property"), comprising approximately 1.88 acres across two adjacent parcels (1.10 acres and 0.78 acres). Strategically located within a growing commercial corridor, the site benefits from strong accessibility and visibility, making it well-suited for a variety of retail, service, or mixed-use commercial applications.
The property is zoned LC - Limited Commercial (C-1), which supports a wide range of neighborhood-oriented retail and service uses. This flexible zoning enhances the site's appeal for both owner-users and investors seeking to capitalize on Fayetteville's continued economic and population growth.
Offered at a total price of $1,950,000, the assemblage provides a rare opportunity to acquire a sizeable, contiguous commercial footprint in an established area. The dual-parcel configuration allows for potential phased development, user occupancy, or repositioning strategies depending on investment objectives.
Overall, 519 & 521 Grove Street represent a strategically positioned asset with strong development potential, favorable zoning, and immediate accessibility, making it an attractive opportunity in the Fayetteville commercial real estate market.
Investment highlights
- Prime location along Grove Street, a high-traffic corridor offering convenient access to Interstate 95
- Excellent ingress and egress with direct access and visibility
- Strategically positioned near multiple government facilities and established residential neighborhoods, driving consistent demand
- Located in Fayetteville, a steadily expanding market supported by military, healthcare, and regional growth drivers
- Two contiguous parcels totaling 1.88 acres, offering flexibility for cohesive development or phased projects
- Zoned LC – Limited Commercial (C-1), allowing for a broad range of retail, office, and neighborhood service uses
- High accessibility from Interstate 95
- Ready-to-develop with essential infrastructure in place
- Excellent long-term value in a growing market
- Zoned for retail development
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