1000 Honeycutt RdFayetteville, NC 28311

Property Details for 1000 Honeycutt Rd

Year built

1961

Lot size

0.77 AC

Property size (Sq ft)

1,944 SF

Zone code

C1P

Property type

Retail properties

Property subtype

Retail space

APN

0520-69-1929

APU

520691929

Description

This exceptional 1.2-acre commercial property, located at 1000 Honeycutt Rd in Fayetteville, North Carolina, presents a remarkable investment opportunity. Priced at $599,000, this C1-zoned lot boasts 1,944 square feet of buildable space and offers unparalleled visibility on a signalized corner. Situated directly across from a popular seafood restaurant, the property benefits from high traffic counts, especially during the morning commute to Fort Liberty. Its strategic location at the first intersection coming off the Fort Bragg Military Base ensures consistent exposure to a large and diverse customer base. The property's zoning allows for a wide range of commercial developments, including convenience stores, gas stations, retail outlets, banks, or community-focused establishments. Utilities are readily accessible at the property boundaries, simplifying the construction process for developers. Built in 1961, this property offers a blank canvas for a new commercial venture, capitalizing on the growing demand for businesses catering to the high traffic volume and proximity to Fort Liberty. The expansive frontage and strategic location make this an ideal investment for those seeking high-traffic retail or breakfast-centric businesses. The asking price per square foot is $308.13. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a thriving Fayetteville market.

• CAP approach

  CAP return

  Valuation

  6%

  $716,784

  6.5%

  $661,647

  7%

  $614,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,226,044

  Geo Method

  $1,124,489

• Alternative Use

  Use

  Valuation

  Residential

  $558,124

  Hospitality

  $511,239

  Educational

  $425,344

  Medical

  $439,973

  Retail

  $661,647

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.1513

Longitude

-78.9126

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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