561 Gillespie St Fayetteville, NC 28301
- Office buildings
- 3,500 SF
- 0.50 lot acres
Current Use by Public Records
- Bottle Free Water / Water Softening Equipment Supplier / Water Testing Service
- Alaska Quilt / Quilt Shop
Property Details for 561 Gillespie St
- Year built
- 1996
- Lot size
- 0.50 lot acres
- Property size
- 3,500 SF
- Zone code
- CC
- Property type
- Office buildings
- APN
- 0437-50-5219
- APU
- 437505219
Description
This exceptional 1,350 square foot executive office suite, located on the second floor above Bottle Free Water Company at 561 Gillespie Street in Cumberland County, presents a unique opportunity. Built in 1996, this Class B office space within a 2,400 square foot building sits on a half-acre lot (0.5 acres) and is zoned CC. The suite boasts a well-designed layout, including a dedicated conference room, a spacious office area with pre-installed cubicles, enhancing efficiency and organization. Three restrooms provide ample convenience, while two private offices offer secluded workspaces for enhanced privacy and focus. A kitchenette adds practicality, allowing for easy meal preparation and breaks. A significant advantage is the private exterior stairway entrance, providing independent access and enhancing security. The lease is inclusive of utilities, parking, and existing furniture, minimizing upfront costs and streamlining the move-in process. This turnkey solution is ideal for businesses seeking immediate occupancy and a fully equipped workspace. The multiple tenancy building offers a collaborative environment. This is a rare opportunity to secure a fully furnished, move-in ready executive office suite in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $390,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $415,000
- Mixed-Use
- $335,000
- Hospitality
- $345,000
- Educational
- $445,000
- Residential Income
- $440,000
- Energy
- $350,000
- Income-Based Land
- $355,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.8811
- Latitude
- 35.0419
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA