3069 Cumberland RdFayetteville, NC 28306

Property Details for 3069 Cumberland Rd

Year built

1998

Lot size

1.76 AC

Property size (Sq ft)

8,645 SF

Zone code

C3

Property type

Retail properties

Property subtype

Super regional malls

APN

0426-31-8220

APU

426318220

Description

This exceptional retail space, part of the SouthStar Centre, presents a fantastic opportunity for businesses seeking a prime location in Fayetteville, North Carolina. Situated at 3069 Cumberland Rd, this 1,300 square foot unit is part of an 8,645 square foot strip center built in 1998 and zoned C3. The property boasts a convenient 1.76-acre lot size, providing ample space and visibility. The center offers 34 total parking spaces for customer convenience. The unit itself features an open floor plan, ideal for customization to suit various business needs. An ADA-compliant restroom is included within the suite. The monthly rent is $1,500. This high-traffic location along Cumberland Road in southwest Fayetteville makes it perfect for a wide range of businesses, including but not limited to retail establishments, nail salons, or office users. The property's strategic location and versatile space offer significant potential for growth and success. The single available suite is 1,300 square feet, part of a larger multi-tenant building. This is a rare opportunity to secure a well-located retail space in a thriving area of Fayetteville. Don't miss out on this chance to establish your business in a highly visible and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,138,008

  6.5%

  $2,896,622

  7%

  $2,689,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,609,450

  Geo Method

  $5,000,620

• Alternative Use

  Use

  Valuation

  Residential

  $2,443,410

  Hospitality

  $2,238,150

  Educational

  $1,862,114

  Medical

  $1,926,156

  Retail

  $2,896,622

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0172

Longitude

-78.9204

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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