Spring Lake Commercial Property For
1506 N Bragg Blvd Spring Lake, NC 28390
Versatile commercial property with high visibility and development potential.
Type:Retail - Street Retail
Property size:
2,199 SFLot size:
1.49 AcresPrice / SF:
$179.63/SF- Added:
- May 14, 2026
- Days on Market:
- 62
- Last Refresh:
- Jul 2 at 6:17 am
Property Features for 1506 N Bragg Blvd
General Information
- Standard status
- Active
- Size
- 2,199 SF
- Lot size
- 1.49 Acres
- Property subtype
- Retail - Street Retail
Building Details
- Year Built
- 1961
Listing office Grant-Murray Real Estate
Listing date May 14, 2026
Source Commercialcafe
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.
Located on N Bragg Boulevard in Spring Lake, this commercial property benefits from substantial daily traffic and close proximity to established businesses, residential areas, and Fort Liberty. The corridor acts as a key link between Spring Lake, Fayetteville, and the military community, fostering consistent consumer activity and business exposure. Nearby retailers, restaurants, and service providers contribute to the area’s commercial presence, while ongoing residential growth bolsters long-term demand. The property also provides convenient access to NC Highway 24/87, ensuring efficient regional connectivity within Cumberland County. This central location in an active commercial corridor makes it suitable for owner-users, investors, or businesses looking to expand. The property includes a 2,199 square foot building on approximately 1.20 acres, along with an adjacent 0.29-acre parcel, offering additional flexibility for parking, expansion, or outdoor storage. Zoned C-P, the property supports various commercial uses and is ideal for office, retail, or service-oriented businesses seeking visibility along a primary Spring Lake corridor. Existing improvements can be upfitted to accommodate diverse operational needs, and the rear 3-bay garage provides functional workspace and storage for automotive, contractor, or light industrial users. With direct frontage on N Bragg Boulevard and convenient access to Fort Bragg, this 1.49-acre property combines usability, accessibility, and future development potential.
Key Highlights
- High‑traffic location on N Bragg Boulevard with strong visibility and accessibility.
- Zoned C‑P, supporting a variety of commercial uses.
- Proximity to Fort Liberty and established commercial businesses, residential neighborhoods, and the military community.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $14.40 |
| − Vacancy | −$1.0k | −$0.46 |
| EGI | $30.7k | $13.94 |
| − OpEx | −$9.2k | −$4.18 |
| NOI | $21.5k | $9.76 |
2,199 SF · lease $14.40/SF/yr · vacancy 3.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$306.5K
$268.2K – $357.6K
NOI $21,457 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.5K
$459.8K – $613.1K
NOI $36,783 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Versatile commercial property with high visibility and development potential.
Where is this storefront property located?
The property is located at 1506 N Bragg Blvd Spring Lake, NC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: High‑traffic location on N Bragg Boulevard with strong visibility and accessibility.; Zoned C‑P, supporting a variety of commercial uses.; Proximity to Fort Liberty and established commercial businesses, residential neighborhoods, and the military community.
