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    Property profile & analytics
    FOR LEASE
    Retail space

    2528 Gillespie St, Fayetteville, NC 28306

    1,125 SF 0.06 ac lot Built 1963
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US53-1220518
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1963
    Total area 1,125 SF
    Lot 0.06 ac (2,614 SF)
    Zoning code HSP
    APN 0435-09-5134
    UPID US53-1220518
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Gillespie Nc LLC · 1 yrs held
    Gillespie Nc LLC
    since 2024
    Last sale
    $19,500
    2 recorded transactions
    2024
    $19,500
    2016
    $17,000
    Zoning & alternative use
    HSP · Fayetteville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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