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    4940 Nc Highway 87 Fayetteville, NC 28306

    For Lease
    Contact for pricing

    High-traffic retail land, 32,670 sqft.

    Lot size:
    32,670 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property in Fayetteville, North Carolina, presents a unique investment opportunity. Located at 4940 NC Hwy 87 in the Gray's Creek submarket of Cumberland County, this 0.75-acre site offers 32,670 square feet of vacant retail space. The property is zoned C1(P) and is part of a larger parcel, currently master-leased by a gas station operator. The site will be delivered "as-is," with any improvements the responsibility of the subtenant. Benefit from a prime location along NC Hwy 87 S, situated between the signalized intersections of Sand Hill Rd and Pummill Rd. This high-visibility location boasts an impressive average daily traffic count of 19,500 vehicles. The surrounding area demonstrates strong demographics, with a population of 10,389 within a three-mile radius and an average household income of $97,113. This makes it an ideal location for a variety of retail businesses seeking high visibility and access to a substantial consumer base. The property's size and location offer significant potential for development and growth. The zip code is 28306.

    Property Features for 4940 Nc Highway 87

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,670 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF
    Space
    Available Space
    Size
    32,670 SF

    HighLights

    • 0.75‑acre parcel available for ground lease (sublease – contact agent).
    • Level topography.
    • Highway 87 frontage.
    • Located in Fayetteville, NC's Gray's Creek submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Nail Salon Auto Repair Shop Pharmacy Wholesale Shop Auto Parts Store Grocery Store Food Market Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8537247
    Latitude
    34.9309313

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    FAQs

    What type of property is this?
    Land - High-traffic retail land, 32,670 sqft.
    Where is this land located?
    The property is located at 4940 Nc Highway 87 Fayetteville, NC.
    What are key features of this property?
    This property features: 0.75-acre parcel available for ground lease (sublease – contact agent).; Level topography.; Highway 87 frontage.
    Request Owner's contact information
    4940 Nc Highway 87 Fayetteville, NC 28306
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    Fayetteville, NC 28306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4940 Nc Highway 87 Fayetteville, NC 28306
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