3421 Murchison Rd Fayetteville, NC 28311
- Commercial real estate
- 39,846 SF
- 3.26 lot acres
Current Use by Public Records
- Big City Pizza & Subs / Pizza Restaurant
- The Vegan Spot / Vegan Restaurant
- ecoATM / Electronics Vending Machine / Atm
- Fayetteville Roofing Contractors / Roofing Contractor
- Murchison Marketplace / Business Center
Property Details for 3421 Murchison Rd
- Year built
- 1985
- Lot size
- 3.26 lot acres
- Property size
- 39,846 SF
- Zone code
- CC
- Property type
- Commercial real estate
- APN
- 0429-40-3902
- APU
- 429403902
Description
This exceptional 41,921-square-foot retail space presents a unique investment opportunity in Fayetteville, North Carolina. Located at 3421 Murchison Road within the Murchison Marketplace, this former Walmart Neighborhood Market boasts a prime corner location at the intersection of Country Club Road and Murchison Road, experiencing approximately 18,500 vehicles per day. The property is conveniently situated just five miles from downtown Fayetteville, offering excellent accessibility and visibility. Built in 2015, the building is in excellent condition and features a drive-thru window, a highly desirable amenity for many retail businesses. The entire space is currently vacant, providing a blank canvas for a new tenant or a redevelopment project. The property is zoned CC (Community Commercial), allowing for a variety of potential uses. This high-traffic location, combined with the building's modern construction and convenient location, makes this an ideal opportunity for a savvy investor or retailer seeking a strong foothold in the Fayetteville market. The substantial square footage offers ample space for a large-scale retail operation or the potential for division into multiple smaller units. This property is ready for immediate occupancy and presents a rare chance to acquire a significant retail space in a thriving commercial area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $410,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $525,000
- Retail
- $515,000
- Mixed-Use
- $430,000
- Hospitality
- $545,000
- Educational
- $530,000
- Residential Income
- $500,000
- Energy
- $575,000
- Income-Based Land
- $560,000
- Food Service
- $495,000
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.9187
- Latitude
- 35.0989
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
