1240 Fort Bragg RdFayetteville, NC 28305

Property Details for 1240 Fort Bragg Rd

Year built

1908

Lot size

0.42 AC

Property size (Sq ft)

4,446 SF

Zone code

NC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

0427-95-8929

APU

427958929

Description

This exceptional Fayetteville, NC restaurant presents a unique investment opportunity. Located at 1240 Fort Bragg Rd, this 6,449 square foot building boasts a rich history, having been constructed in 1908 and extensively renovated in 2020. The property sits on a sizable 18,335 square foot lot and is zoned NC, offering versatility for future uses. Currently operating as a successful taproom and restaurant, the business benefits from a prime location in a high-traffic area, ensuring strong visibility and consistent customer flow. The charming, yet modern interior creates a welcoming atmosphere. The fully operational business includes 40 taps featuring premium North Carolina craft beer, wines, ciders, and sours, complemented by a well-received pub menu. This turnkey operation offers immediate revenue potential and significant long-term growth prospects in a thriving commercial district. The asking price is $2,200,000. This is a rare chance to acquire a well-established business in a desirable location. The property's combination of historical charm and modern functionality makes it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,613,807

  6.5%

  $1,489,668

  7%

  $1,383,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,884,935

  Geo Method

  $2,571,748

• Alternative Use

  Use

  Valuation

  Residential

  $1,256,591

  Hospitality

  $1,151,030

  Educational

  $957,644

  Medical

  $990,579

  Retail

  $1,489,668

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0578

Longitude

-78.9003

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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