1508 Clinton Rd Fayetteville, NC 28312
- Lifestyle centers
- 20,800 SF
- 1.88 lot acres
Current Use by Public Records
- Computer Shop / Computer Repair Service
- St. Matthews Grand Lodge and O.E.S. / Fraternal Organization
Property Details for 1508 Clinton Rd
- Year built
- 1968
- Lot size
- 1.88 lot acres
- Property size
- 20,800 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 20,800-square-foot shopping center in Fayetteville, North Carolina, presents a compelling investment opportunity. Located on a 1.88-acre lot at 1508 Clinton Rd, zip code 28312, this property boasts 435 feet of frontage along a high-traffic intersection, ensuring excellent visibility. Built in 1968 and extensively renovated in 2022, the center is zoned CC and features a large parking lot accommodating multiple businesses. Currently, the center generates a stable monthly income of $9,114.23 from three tenants: a church, a laundromat, and a tobacco shop. However, over 10,000 square feet of vacant space offers significant potential for redevelopment or repositioning to increase revenue and attract a diverse tenant mix. This property's prime location, substantial size, and recent renovations make it an ideal investment for those seeking a value-add opportunity in a thriving market. The property is offered at an asking price of $999,000 and operates under a NNN lease structure with single tenancy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.8505
- Latitude
- 35.0446
