Former Bank Branch For
2617 Bragg Blvd Fayetteville, NC 28303
2617 Bragg Blvd, Fayetteville, NC, 28303
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For Sale
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1,920 SF former bank branch near Fayetteville Tech Community College.
Property Size1,920 SF
Price / SF$312.50
Days on Market957
Property Features for 2617 Bragg Blvd
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1974
Listing agency
Lee & Associates - Raleigh Durham
(336) 602-3022
Listed by
James Bailey · License #NC 311081
Source
Crexi
Added: Dec 7, 2023 Updated: Jul 6 at 8:41AM Checked: Jul 21 at 12:38PM
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 Lee & Associates - Raleigh Durham
Investment Insights
Based on property information with market context.
This is a 1,920 square foot former bank branch. It is located adjacent to Fayetteville Tech Community College, which has 10,932 students. The property is surrounded by national retailers such as McDonald’s, Burger King, Domino’s, Krispy Kreme, and Circle K. A 7-Eleven is under construction nearby. The property is also near Cross Creek Mall, which has over 100 retailers.
Key Highlights
- High‑traffic location adjacent to Fayetteville Tech Community College.
- Surrounded by national retailers including McDonald’s, Burger King, Domino’s, Krispy Kreme, Circle K, and 7‑Eleven (under construction).
- Proximity to Cross Creek Mall, featuring over 100 retailers.
Local Financial Insights For Specialty 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 | $39.2k | $20.40 |
| − Vacancy | −$2.2k | −$1.14 |
| EGI | $37.0k | $19.26 |
| − OpEx | −$9.2k | −$4.81 |
| NOI | $27.7k | $14.44 |
1,920 SF · lease $20.40/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$396.2K
$346.6K – $462.2K
NOI $27,731 @ 7.0% cap · market cap 4.62%
Second Best
Retail
$310.0K
$271.3K – $361.7K
NOI $21,700 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$420.8K
$368.2K – $490.9K
NOI $29,454 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
First Citizens Bank ...
Atm
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FAQs
What type of property is this?
Bank - 1,920 SF former bank branch near Fayetteville Tech Community College.
Where is this bank located?
The property is located at 2617 Bragg Blvd Fayetteville, NC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High‑traffic location adjacent to Fayetteville Tech Community College.; Surrounded by national retailers including McDonald’s, Burger King, Domino’s, Krispy Kreme, Circle K, and 7‑Eleven (under construction).; Proximity to Cross Creek Mall, featuring over 100 retailers.
