Retail Space with
For Sale
$550,000
Pending
2820 Ramsey Street, Fayetteville, NC 28301
CommercialSale, Fayetteville, NC
Property Size3,536 SF
Lot Size0.66 Acres
Days on Market93
Property Features for 2820 Ramsey Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
LC - Limited Commercial
Parking
26
Parking features
Parking Lot
Security features
Security
Subdivision
RAMSEY ST
Standard status
Pending
APN
0439-60-8335
Size
3,536 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Description
PL:0119-0085
Legal Description
PL:0119-0085
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1974
Building materials
BoardAndBattenSiding
Roof type
Metal
Listing Agency:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 864-2626
Listed By:
FRANKLIN JOHNSON · License #146789
(910) 818-8400
Added: Jul 21
Changed: Oct 17
Last Checked: Oct 21 at 7:06AM
MLS# 766108
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.
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Investment Insights
Based on property information with market context.
Located at 2820 Ramsey Street in Fayetteville, this retail property includes 3,536 square feet of building area, a basement, and a 26-space parking lot on 0.66 acres. Constructed in 1974, the building features a metal roof, board-and-batten siding, public water, and public sewer. Its commercial history includes prior operation as a McDonald's restaurant and a more recent use as an ABC liquor store.
The site records 27,500 VPD according to NCDPT 2024 data and provides access to Downtown Fayetteville, I-295, and Fort Liberty. LC, or Limited Commercial, zoning supports the property's established commercial setting, with future uses subject to zoning verification. The surrounding area includes established businesses, shopping, and residential neighborhoods.
The site records 27,500 VPD according to NCDPT 2024 data and provides access to Downtown Fayetteville, I-295, and Fort Liberty. LC, or Limited Commercial, zoning supports the property's established commercial setting, with future uses subject to zoning verification. The surrounding area includes established businesses, shopping, and residential neighborhoods.
Key Highlights
- 3,536 SF retail building with basement on 0.66 acres
- 26‑space parking lot included
- 27,500 VPD on Ramsey Street per NCDPT 2024
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.
How Realmo checks its estimates
Property Analytics
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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
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
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?
Retail space - LC-zoned commercial property with a basement, public utilities, and dedicated parking along a high-traffic retail corridor.
Where is this retail space located?
The property is located at 2820 Ramsey Street 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: 3,536 SF retail building with basement on 0.66 acres; 26‑space parking lot included; 27,500 VPD on Ramsey Street per NCDPT 2024
