1935 Gillespie StFayetteville, NC 28306

Property Details for 1935 Gillespie St

Year built

1976

Lot size

0.27 AC

Property size (Sq ft)

1,472 SF

Zone code

CC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

0436-13-6134

APU

436136134

Description

This exceptional 2,800 square foot retail building, located at 1935 Gillespie St in Fayetteville, NC, presents a unique owner-user opportunity. Completely renovated in 2023, this two-story structure boasts a prime location near Gillespie St, S Eastern Blvd, and I-95 Business/US-301, enjoying high visibility and an average daily traffic count of approximately 28,700 vehicles. The building features convenient access with two curb cuts and two exterior canopies. The first floor offers ample retail space, perfect for a convenience store or similar business, while the second floor provides additional space ideal for offices or storage. Situated on a 0.27-acre lot, this property is zoned CC - Community Commercial. The building was constructed in 1976 and underwent a complete renovation in 2023. The asking price is $425,000, translating to $151.79 per square foot. This is a vacant, single-unit property with 2,800 square feet of net rentable space. Its proximity to the Crown Complex further enhances its appeal. Don't miss this chance to own a thriving retail space in a high-traffic area of Fayetteville. APN: 0436136134.

• CAP approach

  CAP return

  Valuation

  6%

  $534,292

  6.5%

  $493,192

  7%

  $457,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $955,198

  Geo Method

  $851,465

• Alternative Use

  Use

  Valuation

  Residential

  $416,026

  Hospitality

  $381,078

  Educational

  $317,052

  Medical

  $327,956

  Retail

  $493,192

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0225

Longitude

-78.8943

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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