Spring Lake Commercial Property For
For Sale
$395,000
1506 N Bragg Blvd, Spring Lake, NC 28390
Versatile commercial property with high visibility and development potential.
Property Size2,199 SF
Lot Size1.49 Acres
Price / SF$179.63
Days on Market155
Property Features for 1506 N Bragg Blvd
General Information
Standard status
Active
Size
2,199 SF
Lot size
1.49 Acres
Property subtype
Retail
Building Details
Building Size
2,199 SF
Year Built
1961
Listing Agency:
Grant-Murray Real Estate
Listed By:
Greg Spears · License #272060
(910) 987-3242
Source:
Grantmurrayre
Added: May 14
Changed: Oct 5
Last Checked: Oct 14 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.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,457
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,140
$429.1K
Cap Rate 7%
$306,529
$306.5K
Cap Rate 9%
$238,411
$238.4K
Market Conditions
NOI Build-Up for 2,199 SF
Gross rent
$31.7K $14.40/SF
− Vacancy
−$1.0K −$0.46/SF
EGI
$30.7K $13.94/SF
− OpEx
−$9.2K −$4.18/SF
NOI
$21.5K $9.76/SF
Area
Cumberland County, NC
Vacancy
3.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,140
Cap Rate 7%
$306,529
Cap Rate 9%
$238,411
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
12k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 96%
Shops & Services 4%
IHOP
Dining
11,374 visits/mo
0.2 miles
Circle K
Shops & Services
454 visits/mo
0.4 miles
Demographics for 28390, NC
23,799
Population
10,204
Households
2.3
Avg Household Size
31
Median Age
28%
College-Educated
93%
High-School Grad
60.2 sq mi
ZIP Area
395
Density / Sq Mi
$58,750
Median Household Income
$36,678
Median Earnings
$1,151
Median Rent
$195,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
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.
