561 Gillespie StFayetteville, NC 28301

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $979,426

  6.5%

  $904,085

  7%

  $839,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $901,292

  Geo Method

  $803,390

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,907,170

  Retail / Commercial

  $953,079

  Mixed-Use / Specialty

  $930,054

  Hospitality / Lodging

  $656,797

  Institutional / Educational

  $959,866

  Residential Income

  $1,123,040

  Multifamily

  $1,455,730

  Automotive / Energy

  $822,742

  Parking / Income-Based Land

  $303,310

  Restaurant / Food Service

  $441,839

  Healthcare / Senior Housing

  $973,880

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

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