Retail Property Near Downtown
For Sale
$299,000
227 S Eastern Blvd, Fayetteville, NC 28301
Commercial property with retail potential, convenient location, and highway access.
Property Size1,242 SF
Lot Size0.33 Acres
Price / SF$240.74
Days on Market209
Property Features for 227 S Eastern Blvd
General Information
Standard status
Active
Size
1,242 SF
Lot size
0.33 Acres
Property subtype
Retail
Building Details
Building Size
1,242 SF
Year Built
1955
Listing Agency:
Grant-Murray Real Estate
Listed By:
Neil Grant · License #208918
(910) 818-3252
Source:
Grantmurrayre
Added: Mar 26
Changed: Oct 1
Last Checked: Oct 19 at 3:49AM
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
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Investment Insights
Based on property information with market context.
This commercial property is situated on a 0.33-acre site and includes a 1,242-square-foot building. Currently operating as a tobacco store, the property is zoned CC (Commercial), making it suitable for various retail businesses. Its location near downtown Fayetteville and proximity to other businesses enhance its appeal. The property benefits from convenient access to both I-95 Business and Highway 24. Visibility is a key feature, with frontage on Eastern Blvd., ensuring the property is easily noticeable. The location's accessibility to major highways facilitates convenient travel. This property presents an opportunity for entrepreneurs seeking to establish or expand a retail business in a well-positioned commercial space.
Key Highlights
- Prime commercial location on Eastern Blvd. with high visibility.
- Zoned CC (Commercial) offering versatile retail business potential.
- Convenient access to I‑95 Business and Highway 24.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,037
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,740
$280.7K
Cap Rate 7%
$200,529
$200.5K
Cap Rate 9%
$155,967
$156.0K
Market Conditions
NOI Build-Up for 1,242 SF
Gross rent
$22.4K $18.00/SF
− Vacancy
−$2.3K −$1.85/SF
EGI
$20.1K $16.15/SF
− OpEx
−$6.0K −$4.84/SF
NOI
$14.0K $11.30/SF
Area
Fayetteville, NC
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,740
Cap Rate 7%
$200,529
Cap Rate 9%
$155,967
Alternative Uses
Best Use
Retail
$200.5K
$175.5K – $234.0K
NOI $14,037 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.2K
$238.2K – $317.6K
NOI $19,053 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
40k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 10%
Home Improvements & Furnishings 9%
Electronics 3%
BP
Shops & Services
7,290 visits/mo
0.1 miles
Roses Discount Store
Shops & Services
6,122 visits/mo
0.5 miles
Speedway
Shops & Services
5,420 visits/mo
0.2 miles
AutoZone
Shops & Services
3,900 visits/mo
0.2 miles
Pizza Hut
Dining
2,740 visits/mo
0.5 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
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
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property with retail potential, convenient location, and highway access.
Where is this storefront property located?
The property is located at 227 S Eastern Blvd Fayetteville, NC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime commercial location on Eastern Blvd. with high visibility.; Zoned CC (Commercial) offering versatile retail business potential.; Convenient access to I‑95 Business and Highway 24.
