Retail Property Near Downtown
227 S Eastern Blvd Fayetteville, NC 28301
227 S Eastern Blvd, Fayetteville, NC, 28301
Contact for pricing
For Sale
Contact for pricing
Commercial property with retail potential, convenient location, and highway access.
Property Size1,242 SF
Lot Size0.33 Acres
Price / SF$240.74
Days on Market902
Property Features for 227 S Eastern Blvd
General Information
- Standard status
- Active
- Size
- 1,242 SF
- Lot size
- 0.33 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1955
Listing agency
Grant-Murray Real Estate
(910) 818-3252
Listed by
Vishal Nandwani · License #NC 314170
Source
Crexi
Added: Jan 31, 2024 Updated: Jul 10 at 3:43PM Checked: Jul 19 at 7:22AM
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
Investment Insights
Based on property information with market context.
This commercial property is situated on a 0.33-acre site and includes a 1,242-square-foot building. Currently operating as a tobacco store, the property is zoned CC (Commercial), making it suitable for various retail businesses. Its location near downtown Fayetteville and proximity to other businesses enhance its appeal. The property benefits from convenient access to both I-95 Business and Highway 24. Visibility is a key feature, with frontage on Eastern Blvd., ensuring the property is easily noticeable. The location's accessibility to major highways facilitates convenient travel. This property presents an opportunity for entrepreneurs seeking to establish or expand a retail business in a well-positioned commercial space.
Key Highlights
- Prime commercial location on Eastern Blvd. with high visibility.
- Zoned CC (Commercial) offering versatile retail business potential.
- Convenient access to I‑95 Business and Highway 24.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.4k | $18.00 |
| − Vacancy | −$2.3k | −$1.85 |
| EGI | $20.1k | $16.15 |
| − OpEx | −$6.0k | −$4.84 |
| NOI | $14.0k | $11.30 |
1,242 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$200.5K
$175.5K – $234.0K
NOI $14,037 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.2K
$238.2K – $317.6K
NOI $19,053 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
301 Discount Tobacco ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Commercial property with retail potential, convenient location, and highway access.
Where is this storefront property located?
The property is located at 227 S Eastern Blvd Fayetteville, NC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime commercial location on Eastern Blvd. with high visibility.; Zoned CC (Commercial) offering versatile retail business potential.; Convenient access to I‑95 Business and Highway 24.
