- For Lease $24.00/SF/YR
- Property Type Office - General Office
- Property Size 1,531 SF
- Units 1
- Lot Size 0.31 Acre
- Parking Spaces Avail. 9
- Property Tenancy Single Tenant
- Building Class B
- Year Built 1956
- Year Renovated 2026
- Date Updated Jun 25, 2026
Description
Located just minutes from Cape Fear Valley Medical Center, 516 Owen Drive is surrounded by a concentration of healthcare providers, professional offices, and supporting commercial services that generate consistent daytime activity. The area benefits from a substantial daytime population of more than 190,800 people within a five-mile radius, driven by major employers, healthcare facilities, and regional service providers. The surrounding market features an average household income of approximately $85,500 within three miles and a population base of nearly 148,000 residents within five miles, supporting a strong customer and workforce presence. Easy access to Owen Drive, Village Drive, Raeford Road, and other major Fayetteville thoroughfares allows convenient connectivity throughout the city. The combination of healthcare adjacency, strong demographics, and high traffic counts makes this location well suited for medical, professional, counseling, insurance, legal, financial, and other office users seeking a highly visible Fayetteville address.516 Owen Drive offers an opportunity to lease a freestanding 1,531-square-foot office building in one of Fayetteville’s most established professional and medical corridors. The well-designed interior features a spacious waiting room and reception area, four private offices, dedicated storage space, and restrooms, creating an efficient layout for medical, healthcare-related, or professional office users. Zoned OI (Office & Institutional) within the HSPOD overlay, the property accommodates a variety of office and service-oriented uses beyond traditional medical practices. Excellent visibility along Owen Drive places the building in front of approximately 48,500 vehicles per day, providing exceptional exposure and signage potential. Its standalone configuration offers tenants a professional identity, convenient access, and a welcoming environment for clients, patients, and staff alike.
Highlights
- 48,500 VPD on Owen Drive
- Four private offices
- Freestanding 1,531 SF office building
- Large reception and waiting area
- Near Cape Fear Valley Medical Center
- Zoned OI within HSPOD overlay
True
1 Space Available
516 Owen Dr
Space Type
Office
Lease Rate
$24.00/SF/YR
Total Space
1,531 SF
Divisible Space
1,531 - 1,531 SF
Available Date
Immediate
Lease Type
NNN
Renewal Option
Yes
Sublease
No
Contacts
Patrick Murray, CCIM, SIOR
Grant-Murray Real Estate
Location
Located at 516 Owen Dr, Fayetteville, NC 28304, this property is part of the Briarwood - Holiday Park neighborhood.
Contact Listing Broker
Patrick Murray, CCIM, SIOR
Grant-Murray Real Estate