Commercial Property on Hope Mills
2721 Hope Mills Road Fayetteville, NC 28306
2721 Hope Mills Road, Fayetteville, NC, 28306
$350,000
Pending
For Sale
$350,000
Pending
SINGLE_FAMILY - Fayetteville, NC
Property Size856 SF
Days on Market171
Property Features for 2721 Hope Mills Road
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Pending
- APN
- 0405-92-7873.000
- Size
- 856 SF
Taxes and HOA fees
- Tax Description
- 0.34 AC W R JOHNSON LTS
Building Details
- Year built
- 1940
Listing agency
BHHS ALL AMERICAN HOMES #2
(910) 868-1976
Listed by
JAY DOWDY · License #128239
(910) 257-3754
Added: Feb 2 Updated: Jul 8 at 9:29PM Checked: Jul 23 at 1:06AM
MLS# 756829
Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, located at 2721 Hope Mills Road in Fayetteville, North Carolina, offers significant potential due to its location on high-traffic Hope Mills Road. The property includes a detached building/garage and an adjacent residential property at 2723 Hope Mills Road. Both properties are being offered together for one price. The offering consists of two separate lots located next to each other, creating a mixed-use opportunity with both commercial and residential components, as well as excellent road frontage and visibility. There are three existing structures on the property: two structures on the commercial lot (one of which is a storage building with garage doors in fair condition) and one residential structure, which is in very poor condition. One commercial building is currently in fair, usable condition and was previously utilized for commercial purposes. The residential structure has significant deferred maintenance. The primary value of this property lies in the land, location, and frontage rather than the existing improvements. The property, with a size of 856 square feet, offers strong potential for redevelopment, investment, or repositioning for commercial, mixed-use, or residential purposes, subject to zoning and municipal approvals.
Key Highlights
- High‑traffic location on Hope Mills Road
- Significant potential for redevelopment, investment, or repositioning
- Two adjacent properties (commercial and residential) offered together
Local Financial Insights For Mixed Use
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 | $18.5k | $21.60 |
| − Vacancy | −$2.2k | −$2.59 |
| EGI | $16.3k | $19.01 |
| − OpEx | −$6.1k | −$7.13 |
| NOI | $10.2k | $11.88 |
856 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$145.3K
$127.1K – $169.5K
NOI $10,169 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$187.6K
$164.2K – $218.9K
NOI $13,132 @ 7.0% cap · market cap 3.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
AAA Exterminating Co
Garden Center
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Mixed-use opportunity with commercial and residential components.
Where is this commercial land located?
The property is located at 2721 Hope Mills Road Fayetteville, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: **High‑traffic location on Hope Mills Road**; Significant potential for redevelopment, investment, or repositioning; Two adjacent properties (commercial and residential) offered together
