Retail Building With
For Sale
$550,000
Pending
2820 Ramsey St, Fayetteville, NC 28301
Built in 1974, this limited-commercial retail building includes a basement, 26 parking spaces, and 27,500 VPD frontage.
Property Size3,536 SF
Lot Size0.66 Acres
Days on Market116
Property Features for 2820 Ramsey St
General Information
Standard status
Pending
Size
3,536 SF
Total Parking Spaces
26
Lot size
0.66 Acres
Property subtype
Commercial
Zoning
LC
Site & Location
Traffic Count
27,500 vehicles/day
Highway Access
Yes
Building Details
Year Built
1974
Listing Agency:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
Listed By:
FRANKLIN JOHNSON · License #146789
(910) 818-8400
Source:
Fayettevillehomesource
Added: Jun 30
Changed: Oct 1
Last Checked: Oct 23 at 7:26AM
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 FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
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Investment Insights
Based on property information with market context.
This retail commercial building, built in 1974, includes 3,536 square feet plus a basement. The property sits on 0.66 acres and provides 26 parking spaces. It is zoned LC (Limited Commercial), and the offering includes a documented history of customer-focused retail use, originally developed and operated as a McDonald’s restaurant and most recently served as an ABC liquor store.
The building is located on Ramsey Street and is positioned for visibility along a high-volume corridor, with 27,500 VPD reported for NCDPT (2024). The remarks note convenient access to Downtown Fayetteville, I-295, and Fort Liberty, and the site is described as surrounded by established businesses, shopping, and residential neighborhoods.
This is a for-sale opportunity for an owner-user, investor, or redevelopment project, subject to zoning verification for future uses.
The building is located on Ramsey Street and is positioned for visibility along a high-volume corridor, with 27,500 VPD reported for NCDPT (2024). The remarks note convenient access to Downtown Fayetteville, I-295, and Fort Liberty, and the site is described as surrounded by established businesses, shopping, and residential neighborhoods.
This is a for-sale opportunity for an owner-user, investor, or redevelopment project, subject to zoning verification for future uses.
Key Highlights
- Commercial building built in 1974 with 3,536 SF plus a basement
- Located on 0.66 acres with 26 parking spots
- LC (Limited Commercial) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,965
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,300
$799.3K
Cap Rate 7%
$570,929
$570.9K
Cap Rate 9%
$444,056
$444.1K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$63.6K $18.00/SF
− Vacancy
−$6.6K −$1.85/SF
EGI
$57.1K $16.15/SF
− OpEx
−$17.1K −$4.84/SF
NOI
$40.0K $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%
$799,300
Cap Rate 7%
$570,929
Cap Rate 9%
$444,056
Alternative Uses
Best Use
Retail
$570.9K
$499.6K – $666.1K
NOI $39,965 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$774.9K
$678.1K – $904.1K
NOI $54,245 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
27,500 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
6,588 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1974, this limited-commercial retail building includes a basement, 26 parking spaces, and 27,500 VPD frontage.
Where is this storefront property located?
The property is located at 2820 Ramsey St Fayetteville, NC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Commercial building built in 1974 with 3,536 SF plus a basement; Located on 0.66 acres with 26 parking spots; LC (Limited Commercial) zoning
