Property summary
This exceptional commercial property in Fayetteville, North Carolina, presents a unique investment opportunity. Located at 4940 NC Hwy 87 in the Gray's Creek submarket of Cumberland County, this 0.75-acre site offers 32,670 square feet of vacant retail space. The property is zoned C1(P) and is part of a larger parcel, currently master-leased by a gas station operator. The site will be delivered "as-is," with any improvements the responsibility of the subtenant. Benefit from a prime location along NC Hwy 87 S, situated between the signalized intersections of Sand Hill Rd and Pummill Rd. This high-visibility location boasts an impressive average daily traffic count of 19,500 vehicles. The surrounding area demonstrates strong demographics, with a population of 10,389 within a three-mile radius and an average household income of $97,113. This makes it an ideal location for a variety of retail businesses seeking high visibility and access to a substantial consumer base. The property's size and location offer significant potential for development and growth. The zip code is 28306.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
C1P · Fayetteville, NCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C1P in Fayetteville, NC.
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