Prime Commercial Land Development Opportunity: Self-Storage Site Near MCAS Cherry Point

A rare commercial development opportunity is available in Havelock, North Carolina. Offered at $290,000, this prime land asset features 2.9+/- preliminary upland acres (part of a larger 8.26+/- total acre parcel) strategically situated in immediate proximity to Marine Corps Air Station (MCAS) Cherry Point.

The property offers exceptional development potential for a multi-story or single-story self-storage complex. Included with the offering is a basic concept layout for a 30,000 SF single-story storage facility paired with 105 dedicated vehicle parking spaces.

Property & Investment Overview

• List Price: $290,000

• Property Type: Commercial / Industrial Land (Development Site)

• Preliminary Upland Area: 2.9 +/- Acres (Site Plan Included)

• Total Land Size: 8.26 +/- Acres

• Daily Traffic Count: 27,000 Vehicles Per Day (NC DOT)

• Location: HWY 70 East & Woodhaven Rd, Havelock, NC

Unmatched Demographics & Military Market Advantage

While standard demographic calculators often undercount military personnel due to off-base residency classification, the immediate trade area encompasses a growing population of over 50,000 people. This includes roughly 17,000 residents in Havelock proper and 38,000 active personnel, retirees, and families attached to MCAS Cherry Point—located just 1.8 miles from the site.

Key Regional Demand Drivers:

• High Economic Impact: MCAS Cherry Point is identified by the Department of Defense (DoD) as a critical, growing military installation. With nearly 14,000 active Marines, Sailors, and civilian employees generating a $1.2 billion annual payroll, the base drives over $2 billion in total annual economic impact to the region.

• Defense Industry Presence: Major DoD contractors maintain a strong local footprint to support base operations, including defense industry leaders such as Boeing, Lockheed Martin, Raytheon, and Sikorsky.

• High Traffic Corridor: Situated directly along Highway 70 East near Woodhaven Rd, the site captures significant exposure from 27,000 vehicles passing daily.

Favorable Storage Fundamentals & Rental Rates

The local self-storage market exhibits highly favorable supply-and-demand metrics. With an estimated supply ratio of ~7 SF per capita across the immediate market, there is clear room for additional climate-controlled and non-climate-controlled capacity.

Current local market rental benchmark rates:

• Non-Climate Controlled (Non-CC): ~$1.26 / SF

• Climate Controlled (CC): ~$1.56 / SF

This site represents an outstanding positioning opportunity for commercial developers, storage operators, or land investors seeking a high-traffic location backed by institutional military demand drivers.