For Sale
$999,000

1508 Clinton RdFayetteville, NC 28312

Retail Center: High-Traffic Location, Value-Add

Overview

Added:
Feb 11
Days on market:
53
This exceptional 20,800-square-foot shopping center in Fayetteville, North Carolina, presents a compelling investment opportunity. Located on a 1.88-acre lot at 1508 Clinton Rd, zip code 28312, this property boasts 435 feet of frontage along a high-traffic intersection, ensuring excellent visibility. Built in 1968 and extensively renovated in 2022, the center is zoned CC and features a large parking lot accommodating multiple businesses. Currently, the center generates a stable monthly income of $9,114.23 from three tenants: a church, a laundromat, and a tobacco shop. However, over 10,000 square feet of vacant space offers significant potential for redevelopment or repositioning to increase revenue and attract a diverse tenant mix. This property's prime location, substantial size, and recent renovations make it an ideal investment for those seeking a value-add opportunity in a thriving market. The property is offered at an asking price of $999,000 and operates under a NNN lease structure with single tenancy.

Highlights

  • $999,000 asking price for a 20,800 SF retail shopping center.
  • NNN lease, single-tenant occupancy.
  • 1.88-acre lot with 435 feet of frontage on Clinton Rd in Fayetteville, NC.
  • 10,000+ SF of vacant space available for redevelopment.
  • Currently generates $9,114.23 in monthly income from existing tenants.
  • Renovated in 2022; built in 1968; CC zoning.

Property Details for 1508 Clinton Rd

Property type
Lifestyle centers, Power centers
Square Feet
20,800 SF
Year Built/Renovated
1968/2022
Lot Size (sq. ft)
81,893 SF

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.0446235
Longitude
-78.8505178
1508 Clinton Rd, Fayetteville, North Carolina

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1508 Clinton Rd
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