Property profile

1935 Gillespie St Fayetteville, NC 28306

FOR SALE
Grocery and convenience stores
Property ID
US53-1303222
1,472 SF 0.27 ac lot Built 1976
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a commercial building located near the intersection of South Eastern Blvd, Gillespie St., and I-95 Business, with frontage providing high roadside visibility. It is suited for uses including a vape store, mini mart (with alcohol sales permitted in the district), office, and a range of retail and service businesses. The building includes two drive-through windows, ample on-site parking, and exterior area lights. A former cooler was part of the space, and the compressor associated with that cooler has been removed. The building has approximately 2,806 square feet of interior space and features a recently upgraded metal roof, an electric heat pump, new flooring, and electrical work. An upstairs area is accessible from both inside the building and via a private exterior entrance; it can function as office space or residential use (without a shower) and includes two offices/bedrooms, washer and dryer hookups, a half bath, and a partially finished kitchen area with a sink.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1976
Total area 1,472 SF
Lot 0.27 ac (11,761 SF)
Zoning code CC
APN 0436-13-6134
UPID US53-1303222

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Event Planning Marketing & Advertising

Location

1935 Gillespie St Fayetteville, NC 28306
Fayetteville metro Census 200 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$65k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2022
Last sale
$70,000
2 recorded transactions
2022
$70,000
2019
$130,000

Zoning & alternative use

CC · Fayetteville, NC
Zoning description

ase Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (NC) District 30-3.E.4. Limited Commercial (LC) District 30-3.E.5. Community Commercial (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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