2915 Gillespie StFayetteville, NC 28306

Property Details for 2915 Gillespie St

Year built

1998

Lot size

1.84 AC

Property size (Sq ft)

13,546 SF

Zone code

CP

Property type

Grocery and convenience stores

APN

0435-04-3744

APU

435043744

Description

This exceptional 14,295 square foot storefront, situated on a 1.84-acre lot in Fayetteville, North Carolina, presents a compelling investment opportunity. Built in 1998, the property boasts a prime location at the corner of Airport Road and Business 95/Highway 301, ensuring high visibility and accessibility. The building features 54 parking spaces, two dock doors, and one grade-level door, catering to efficient operations and customer convenience. Zoned MP, this single-tenant retail space is offered at $1,599,999, translating to $111.93 per square foot. The net lease structure and owner/user investment type make this an attractive option for businesses seeking a strategic location with significant potential. The property's size and location make it ideal for a variety of retail uses. This is a rare opportunity to acquire a well-maintained, high-traffic retail space in a thriving market. The substantial lot size offers ample room for expansion or future development. Don't miss this chance to secure a prime commercial property in a highly desirable area of Fayetteville.

• CAP approach

  CAP return

  Valuation

  6%

  $4,916,785

  6.5%

  $4,538,570

  7%

  $4,214,387

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,790,174

  Geo Method

  $7,835,559

• Alternative Use

  Use

  Valuation

  Residential

  $3,828,454

  Hospitality

  $3,506,844

  Educational

  $2,917,652

  Medical

  $3,017,995

  Retail

  $4,538,570

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

34.9995

Longitude

-78.8987

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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