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    FOR SALE
    Grocery and convenience stores

    1935 Gillespie St, Fayetteville, NC 28306

    1,472 SF 0.27 ac lot Built 1976
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US53-1303222
    Property summary
    AI-generated overview

    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.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hobbs and Hess Event Planning Marketing & Advertising
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael Wayne George · 3 yrs held
    Michael Wayne George
    since 2022
    Last sale
    $70,000
    2 recorded transactions
    2022
    $70,000
    2019
    $130,000
    Zoning & alternative use
    CC · Fayetteville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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