109 Gillespie StFayetteville, NC 28301

Property Details for 109 Gillespie St

Year built

1900

Lot size

0.08 AC

Property size (Sq ft)

1,406 SF

Zone code

DT1 - DOWNTOWN AREA 1

Property type

Office buildings

APN

0437-63-4855

APU

437634855

Description

This stunning, fully renovated (2020) two-story executive office building at 109 Gillespie Street in Fayetteville, North Carolina, presents a unique opportunity. Priced at $700,000, this 5,200 square foot Class B property boasts seven spacious offices, a welcoming reception area, two conference rooms, and an expansive workspace. Four restrooms cater to employee and client needs. The building's original exposed brick walls and polished concrete floors create a sophisticated blend of historic charm and modern functionality. Located in the heart of Historic Downtown Fayetteville (DT-DOWNTOW zoning), this property offers a prime location with easy access to local amenities and businesses. Built in 1900 and meticulously updated in 2020, this building provides a turnkey solution for businesses seeking a prestigious and efficient workspace. The combination of historical character and contemporary design makes this an exceptional investment opportunity in a thriving downtown area. This property is ideal for businesses seeking a unique and stylish office space in a vibrant urban setting. The spacious layout and modern amenities ensure a comfortable and productive work environment. Don't miss this chance to own a piece of Fayetteville's history.

• CAP approach

  CAP return

  Valuation

  6%

  $347,217

  6.5%

  $320,508

  7%

  $297,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,966

  Geo Method

  $322,733

• Alternative Use

  Use

  Valuation

  Residential

  $397,430

  Hospitality

  $364,044

  Educational

  $302,880

  Medical

  $313,297

  Retail

  $471,147

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0519

Longitude

-78.8782

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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