Fayetteville Retail Property Near Downtown

1917 Ramsey St, Fayetteville, NC 28301

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For Sale

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Two buildings on 1.77 acres near downtown Fayetteville.

Type:Retail

Property size:

3,020 SF

Lot size:

1.77 Acres

Price / SF:

$140/SF

HighLights

1.77 acres total across two parcels.
Two buildings on the property: 2300 sq ft (with 2 bathrooms) and 720 sq ft (with 1 bathroom), both with HVAC.
Strategically located near downtown Fayetteville, the VA Hospital, and the MLK Freeway.
High local population density: 43,240 residents within a 3‑mile radius.
Open‑space design in the larger 2300 sq ft building.
Easy access and connectivity via the MLK Freeway.

We can help!

Listing Contact

Neil Grant

For Sale

Contact for pricing

Two buildings on 1.77 acres near downtown Fayetteville.

Type:Retail

Property size:

3,020 SF

Lot size:

1.77 Acres

Price / SF:

$140/SF

Added:: Jan 5, 2024
Days on Market:: 885
Last Refresh:: May 12 at 10:09 pm

Property Features for 1917 Ramsey St

General Information

Standard status: Active
Size: 3,020 SF
Lot size: 1.77 Acres
Property subtype: Retail

Building Details

Year Built: 1976

We can help!

Listing Contact

Neil Grant

Listing agent Neil Grant License #NC 208918

Listing office Grant-Murray Real Estate

Listing date Jan 5, 2024

Source Crexi

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 Grant-Murray Real Estate

HighLights

1.77 acres total across two parcels.
Two buildings on the property: 2300 sq ft (with 2 bathrooms) and 720 sq ft (with 1 bathroom), both with HVAC.
Strategically located near downtown Fayetteville, the VA Hospital, and the MLK Freeway.
High local population density: 43,240 residents within a 3‑mile radius.
Open‑space design in the larger 2300 sq ft building.
Easy access and connectivity via the MLK Freeway.

Overview

The Ramsey Street property includes two parcels totaling 1.77 acres. One parcel at 1917 Ramsey encompasses 0.64 acres, while the adjacent parcel measures 1.13 acres. The 0.64-acre parcel contains two structures. One building is approximately 2300 square feet with an open-space design, an HVAC system, and two bathrooms. The second building is approximately 720 square feet with an HVAC system and a single bathroom. The commercial property is located near downtown Fayetteville, close to the VA Hospital and the MLK Freeway. The local population within a 3-mile radius is 43,240 residents. The nearby MLK Freeway provides transportation and connectivity. This property is positioned to meet community needs and capitalize on healthcare-related demand in the area.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$54.4k	$18.00
− Vacancy	−$5.6k	−$1.85
EGI	$48.8k	$16.15
− OpEx	−$14.6k	−$4.84
NOI	$34.1k	$11.30

3,020 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$487.6K

$426.7K – $568.9K (±1% cap)

NOI $34,133 @ 7.0% cap · market cap 8.03%

Second Best

—

no second resolved use

Theoretical Best

Office A

$661.8K

$579.1K – $772.2K (±1% cap)

NOI $46,329 @ 7.0% cap · market cap 10.90%

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

Property Profile Location Intelligence

Current Use by Public Records

Plinky's Snack Shack Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Fayetteville
County: Cumberland
State: North Carolina
Longitude: -78.8809471
Latitude: 35.0849934

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For sale
Retail space
NC
Fayetteville
28301
1917 Ramsey St

What type of property is this?

Retail space - Two buildings on 1.77 acres near downtown Fayetteville.

Where is this retail space located?

The property is located at 1917 Ramsey St Fayetteville, NC.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 1.77 acres total across two parcels.; Two buildings on the property: **2300 sq ft (with 2 bathrooms) and 720 sq ft (with 1 bathroom), both with HVAC.**; Strategically located near downtown Fayetteville, the VA Hospital, and the MLK Freeway.