2617 Bragg BlvdFayetteville, NC 28303

Property Details for 2617 Bragg Blvd

Year built

1974

Lot size

0.53 AC

Property size (Sq ft)

1,920 SF

Zone code

CC

Property type

Banks

APN

0428-21-6222

APU

428216222

Description

This 1,920-square-foot former bank branch presents a unique opportunity in Fayetteville, North Carolina. Located at 2617 Bragg Blvd, this vacant property sits on a 1.04-acre lot and boasts a highly visible location with excellent access. The building, constructed in 1974, is a single-story structure with a C1 zoning designation (Udo Cumberland County - Revised 8/21/23), offering versatility for various retail uses. The property benefits from a three-lane drive-thru, abundant onsite parking, and prominent monument signage at both entrances. Its strategic location is adjacent to Fayetteville Technical Community College (10,932 students), placing it within a thriving student population. Furthermore, it's surrounded by numerous national retailers, including McDonald's, Burger King, Domino's, Krispy Kreme, Circle K, and the Cross Creek Mall (over 100 retailers), ensuring high foot traffic and visibility. The property enjoys high traffic counts, with 27,000 vehicles per day on Bragg Blvd and 12,000 vehicles per day on Bragg Rd. Its position between Bragg Blvd and Fort Bragg Rd provides convenient ingress and egress, and its proximity to Fort Liberty (the largest military base in the US) adds to its appeal. This property offers significant potential for a variety of retail businesses seeking a prime location with high visibility and accessibility. The sale price is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $696,959

  6.5%

  $643,347

  7%

  $597,394

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,245,742

  Geo Method

  $1,110,606

• Alternative Use

  Use

  Valuation

  Residential

  $542,687

  Hospitality

  $497,099

  Educational

  $413,580

  Medical

  $427,804

  Retail

  $643,347

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0722

Longitude

-78.9244

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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