Conventional Restaurant Under
For Sale
$450,000
Pending
3500 Murchison Road, Fayetteville, NC 28311
CommercialSale, Fayetteville, NC
Property Size2,300 SF
Lot Size0.68 Acres
Days on Market49
Property Features for 3500 Murchison Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
CC - Community Commerical
Parking
20
Parking features
Parking Lot
Subdivision
MURCHISON
Lot features
Level
Standard status
Pending
APN
0429409953
Size
2,300 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Description
0.68 AC MAJ PT LT W G PENNY LD
Legal Description
0.68 AC MAJ PT LT W G PENNY LD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1987
Building materials
WoodFrame
Listing Agency:
COLDWELL BANKER ADVANTAGE - FAYETTEVILLE · Coldwell Banker Real Estate
(910) 483-5353
Listed By:
DAVID HELMS · License #209889
(910) 257-1634
Added: Aug 28
Changed: Sep 24
Last Checked: Oct 15 at 7:06AM
MLS# 768500
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 2,300-square-foot conventional restaurant property occupies 0.68 acres at 3500 Murchison Road in Fayetteville, North Carolina. Built in 1987 with wood-frame construction, the property includes a parking lot and is connected to public water and public sewer.
The building previously operated as a restaurant and sustained a small fire. A complete renovation is underway for new restaurant use, with scheduled completion by the end of 10/26. The property is located in Cumberland County and carries Fayetteville postal designation 28311.
The building previously operated as a restaurant and sustained a small fire. A complete renovation is underway for new restaurant use, with scheduled completion by the end of 10/26. The property is located in Cumberland County and carries Fayetteville postal designation 28311.
Key Highlights
- 2,300 square feet of restaurant space on 0.68 acres
- Complete renovation underway for new restaurant use
- Scheduled completion by the end of 10/26
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,219
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,380
$664.4K
Cap Rate 7%
$474,557
$474.6K
Cap Rate 9%
$369,100
$369.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$46.9K $20.40/SF
− Vacancy
−$2.6K −$1.14/SF
EGI
$44.3K $19.26/SF
− OpEx
−$11.1K −$4.81/SF
NOI
$33.2K $14.44/SF
Area
Fayetteville, NC
Vacancy
5.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,380
Cap Rate 7%
$474,557
Cap Rate 9%
$369,100
Alternative Uses
Best Use
Specialty Retail
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.1K
$441.1K – $588.1K
NOI $35,284 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 50%
McDonald's
Dining
21,768 visits/mo
0.2 miles
Circle K
Shops & Services
14,600 visits/mo
0.2 miles
Hardee's
Dining
8,397 visits/mo
0.1 miles
Exxon
Shops & Services
4,989 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,219 visits/mo
0.1 miles
Demographics for 28311, NC
36,302
Population
16,275
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
36.5 sq mi
ZIP Area
995
Density / Sq Mi
$60,033
Median Household Income
$38,469
Median Earnings
$1,122
Median Rent
$195,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A 2,300-square-foot restaurant property undergoing a complete interior renovation for renewed restaurant use.
Where is this conventional restaurant located?
The property is located at 3500 Murchison Road Fayetteville, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,300 square feet of restaurant space on 0.68 acres; Complete renovation underway for new restaurant use; Scheduled completion by the end of 10/26
