1508 Clinton RdFayetteville, NC 28312

Property Details for 1508 Clinton Rd

Year built

1968

Lot size

1.88 AC

Property size (Sq ft)

20,800 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0446

Longitude

-78.8505

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