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Flexible Retail Space
For Lease
$2,200/Mo

403 Gillespie Street, Fayetteville, NC 28301

Commercial Lease, Fayetteville, NC

Space Size1,470 SF - 4,410 SF
Lot Size0.73 Acres
Days on Market393

Property Features for 403 Gillespie Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning LC
Parking features Parking Lot, Off Street
Subdivision Not In Subdivision
Lot features Corner Lot
Directions From the Martin Luther King Junior Freeway/NC-87 in Fayetteville, take exit 103 for Gillespie St toward Downtown. Turn left onto Gillespie St. Continue until intersection with Campbell Ave & Bount St. Property located on right before you pass the Citgo gas station
Standard status Active
APN 0437518663
Size 1,470 SF
Lot size 0.73 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description RAZZAQ LLC RECOMB SE:01 PL:0136-0031
Expense value 2200
Expense SecurityDeposit
Expense freq. One Time
Legal Description RAZZAQ LLC RECOMB SE:01 PL:0136-0031

Amenities

street-facing and rear parking lot entrances

Building Details

Year built 2018
Flooring type Concrete
Listing Agency: Carolina Summit Group, LLC
Listed By: George Manley · License #265776
Added: Aug 8, 2025 Changed: Aug 19 Last Checked: Sep 4 at 8:06AM
MLS# 100524554

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2018, this retail property contains three units totaling approximately 4,410 square feet, with each space measuring about 1,470 square feet. The units are offered separately or may be combined, and vanilla shell delivery provides a straightforward starting point for tenant improvements. Concrete flooring is in place, and each unit has entrances oriented toward both Gillespie Street and the rear parking area.

The 0.73-acre property is located at 403 Gillespie Street in downtown Fayetteville, with access from Dick Street via Campbell Avenue. The site is approximately half a mile from the Cumberland County Courthouse and nearby municipal offices, including City Hall, the Chamber of Commerce, and the Sheriff's Department. Visibility is supported by reported traffic exceeding 9,200 vehicles per day. Parking includes 21 spaces, with two ADA-accessible spaces. The property is zoned LC.

Key Highlights

  • Three‑unit retail property totaling approximately 4,410 square feet
  • Each unit offers approximately 1,470 square feet and may be leased individually or combined
  • Vanilla shell delivery with concrete flooring

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Dental Office Bakery Furniture & Home Goods Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9,200 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,569
Businesses Nearby

Demographics for 28301, NC

17,670
Population
8,590
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
88%
High-School Grad
12.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$36,955
Median Household Income
$28,350
Median Earnings
$926
Median Rent
$109,900
Median Home Value

Market

Lease Benchmarks for Fayetteville, NC

$18.08 /SF/Yr
Avg Asking Price
$5–$32.82 /SF/Yr
Price Range
2,444 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Vanilla shell interiors allow tenants to shape individual retail or professional service layouts.
Where is this retail space located?
The property is located at 403 Gillespie Street Fayetteville, NC.
What is the lease rate?
The lease rate is $2,200/Mo.
What are key features of this property?
This property features: Three‑unit retail property totaling approximately 4,410 square feet; Each unit offers approximately 1,470 square feet and may be leased individually or combined; Vanilla shell delivery with concrete flooring
More about this property
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