225 Grn St, Fayetteville, NC 28301-5045
- Office buildings
- 10,550 SF
- 2.56 lot acres
Current Use by Public Records
- Allison Holdings LLC / Property Management Company
- Systel Building / Business Service Center / Corporate Office
- New Used & Rebuilt Transmissions / Auto Repair Shop
- Alpine Fresh Cleaning / General Contractor
- Cumberland Healthnet / Medical Clinic
Property Details for 225 Grn St
- Year built
- 1972
- Lot size
- 2.56 lot acres
- Zone code
- DT
- Property type
- Office buildings
- APN
- 0437-64-4914
- APU
- 437644914
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 24, 2022 | — | Allison Holdings LLC | — | Deed · related | $7M · Dogwood State Bank |
| Dec 6, 2016 | — | Allison Holdings LLC | — | Deed · related | $5.1M · Wells Fargo Bank NA |
Description
This exceptional Class A office building, formerly known as the Systel Building, now the Dogwood Bank Building, offers 117,350 square feet of prime office space in downtown Fayetteville, NC. The eleven-story building, constructed in 1972, features three high-speed elevators and ample parking (one space per 1,000 square feet leased). Currently, multiple tenancy options are available, with a maximum contiguous space of 9,600 square feet. The building boasts a full-service lease, encompassing utilities and janitorial services. On-site amenities include a secure main lobby with a security desk, backup generators, a modern parking lot, a restaurant, a fitness center, and a recycling center. A dedicated local property management and maintenance team ensures seamless operations. Enjoy spectacular views of the city, including the Segra Baseball Stadium. The building's convenient downtown location places it within walking distance of numerous restaurants, retail shops, parks, and the stadium itself. The property is zoned DT2 and has an APN of 0437644914. This is a rare opportunity to secure exceptional office space in a vibrant and desirable location. Inquire today for available spaces and lease rates.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,295,000
- 6.5%
- $2,115,000
- 7%
- $1,965,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,998,000
- AI Estimate
- $1,785,000
Market price range: $493k - $2.00MMarket price range: $804k - $1.79M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,390,000 Current use
- RESTAURANT
- $2,215,000 Change: +60% Conversion: Moderate
- MEDICAL BUILDING
- $1,780,000 Change: +28% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,765,000 Change: +27% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,390,000 Change: +0% Conversion: Difficult
- RETAIL STORES
- $1,285,000 Change: -8% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.8784
- Latitude
- 35.055
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
