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Commercial Redevelopment Land
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117 Grove St, Fayetteville, NC 28301

DT2-zoned site includes a freestanding building slated for demolition.

Property SizeContact for details
Days on Market144

Property Features for 117 Grove St

General Information

Standard status Active
Property subtype Retail
Listing Agency: Grant-Murray Real Estate
Listed By: Patrick Murray, CCIM, SIOR · License #NC 231098
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 8:40PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grant-Murray Real Estate

Investment Insights

Based on property information with market context.

This 0.74-acre commercial land parcel includes a 2,770-square-foot freestanding restaurant building that is in poor condition and intended for demolition. The DT2 zoning supports several commercial concepts identified for the site, including quick-service restaurants, coffee shops, automotive service centers, and other retail uses.

The property is located at 117 Grove Street near downtown Fayetteville, with a reported daily vehicle count of 32,776. A nearby full-movement traffic signal supports site access, while major roadways and public transit provide additional connectivity. Within three miles, the daytime population is 56,778 and average household income is $74,353. The site is positioned within a commercial district near ongoing residential and commercial development.

Key Highlights

  • 0.74‑acre commercial land parcel at 117 Grove Street
  • 2,770 SF freestanding restaurant building intended for demolition
  • DT2 zoning supports restaurant, coffee shop, automotive service, and retail concepts

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Storage Facility Bakery Butcher Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

1,885
Businesses Nearby
22k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
BP Shops & Services
4,908 visits/mo 0.4 miles
Truist Shops & Services
4,196 visits/mo 0.4 miles
Speedway Shops & Services
3,465 visits/mo 0.4 miles
PNC Bank Shops & Services
3,436 visits/mo 0.3 miles
Wells Fargo Shops & Services
2,923 visits/mo 0.2 miles

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

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - DT2-zoned site includes a freestanding building slated for demolition.
Where is this commercial land located?
The property is located at 117 Grove St Fayetteville, NC.
What are key features of this property?
This property features: 0.74‑acre commercial land parcel at 117 Grove Street; 2,770 SF freestanding restaurant building intended for demolition; DT2 zoning supports restaurant, coffee shop, automotive service, and retail concepts
More about this property
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