561 Gillespie StFayetteville, NC 28301

  • Office properties
  • 3,500 SF
For Lease

Property Details for 561 Gillespie St

Year built
1996
Lot size
0.50 AC
Property size (Sq ft)
3,500 SF
Zone code
CC
Property type
Office properties
Property subtype
Office buildings
APN
0437-50-5219
APU
437505219

Description

This exceptional 1,350 square foot executive office suite, located on the second floor above Bottle Free Water Company at 561 Gillespie Street in Cumberland County, presents a unique opportunity. Built in 1996, this Class B office space within a 2,400 square foot building sits on a half-acre lot (0.5 acres) and is zoned CC. The suite boasts a well-designed layout, including a dedicated conference room, a spacious office area with pre-installed cubicles, enhancing efficiency and organization. Three restrooms provide ample convenience, while two private offices offer secluded workspaces for enhanced privacy and focus. A kitchenette adds practicality, allowing for easy meal preparation and breaks. A significant advantage is the private exterior stairway entrance, providing independent access and enhancing security. The lease is inclusive of utilities, parking, and existing furniture, minimizing upfront costs and streamlining the move-in process. This turnkey solution is ideal for businesses seeking immediate occupancy and a fully equipped workspace. The multiple tenancy building offers a collaborative environment. This is a rare opportunity to secure a fully furnished, move-in ready executive office suite in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $864,199
    6.5%
    $797,722
    7%
    $740,742
  • Comparable approach

    Method
    Valuation
    Relative Method
    $901,292
    Geo Method
    $803,390
  • Alternative Use

    Use
    Valuation
    Residential
    $989,176
    Hospitality
    $906,079
    Educational
    $753,847
    Medical
    $779,773
    Retail
    $1,172,652
561 Gillespie St, Fayetteville, North Carolina

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.0419
Longitude
-78.8811
CBSA code
22180
CBSA name
FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,815
$65,054
$247,839
$312,893
-
$65,054
$247,839
$312,893

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