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    Specialty properties

    407 Gillespie St, Fayetteville, NC 28301

    4,350 SF 0.73 ac lot Built 2016
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 407 Gillespie Street in the heart of Fayetteville, North Carolina, presents a unique investment opportunity. The single-story building, constructed in 2016, boasts a total of 4,350 square feet, divided into three (3) approximately 1,450 square foot suites. Each suite is separately metered for utilities and can be leased individually or combined to accommodate a variety of business needs. The property is zoned LC - Limited Commercial, making it suitable for a range of uses, including specialty retail, professional offices, and flex space for trades. Its prime downtown location offers excellent visibility and convenient access to the courthouse. The 0.73-acre lot provides ample space, and the building's Class C designation reflects its solid construction and functionality. The base rent is $15.00 per square foot, plus tenant improvements and alterations, common area maintenance, and utilities. This translates to approximately $2,150.00 per month per suite, plus utilities. This property is an excellent choice for businesses seeking a versatile and well-located space in a thriving downtown area. The property's APN is 0437-51-8663. This is a multi-tenant building with one space currently available.

    Property profile
    Verified
    Property type Specialty properties
    Year built 2016
    Total area 4,350 SF
    Lot 0.73 ac (31,799 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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