2528 Gillespie St, Fayetteville, NC 28306
For Lease
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This 1,125 square foot retail property, situated on a 0.6-acre lot in Cumberland County, presents a unique investment opportunity. Built in 1963, the building currently offers 1,100 square feet of vacant space, ideal for a single tenant. Zoned HSP, the property's versatility allows for a range of commercial uses, including retail, small offices, or storage. Its prime location near the Crown Coliseum ensures high visibility and significant foot traffic, providing excellent potential for any business. The manageable size of the building makes it particularly attractive to businesses seeking a cost-effective and efficient space. This property offers a blend of established infrastructure and high-traffic location, making it an ideal choice for entrepreneurs and established businesses alike. The 0.6-acre lot provides ample space for potential expansion or outdoor amenities. This is a rare opportunity to acquire a well-located commercial property with significant potential for growth and profitability in a thriving area. The property's existing structure provides a solid foundation for immediate occupancy, minimizing upfront investment costs. The high visibility and convenient location near the Crown Coliseum guarantee a steady stream of potential customers. This property is ready for its next chapter and offers a compelling investment opportunity for those seeking a strong return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HSP · Fayetteville, NCFayetteville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.