106 Jasper StFayetteville, NC 28301

Property Details for 106 Jasper St

Year built

1963

Lot size

0.73 AC

Property size (Sq ft)

12,516 SF

Zone code

NC

Property type

Retail properties

Property subtype

Super regional malls

APN

0428-85-6724

APU

428856724

Description

This exceptional North Fayetteville retail opportunity encompasses two distinct spaces totaling 12,516 square feet on a 1.02-acre lot. The property, built in 1963 and zoned NC, offers flexible options for various businesses. One space, located at 2112 Murchison Road, is part of a strip center and is ideally suited for a retail tenant requiring approximately 1,500 to 6,500 contiguous square feet. Currently, 8,000 square feet are available for lease. The second space, a substantial 6,500 square foot area at 106 Jasper Street, presents a unique opportunity for a larger tenant or multiple smaller tenants. This space has never been leased and offers significant adaptability for a wide range of uses, subject to Cumberland County zoning regulations. The property's location in the North Fayetteville submarket of Fayetteville, NC (zip code 28301) provides excellent access and visibility. This multi-tenant property presents a compelling investment opportunity for businesses seeking prime retail space in a thriving North Carolina community. Minimum divisible space is 1,500 square feet. The property consists of two suites.

• CAP approach

  CAP return

  Valuation

  6%

  $4,543,160

  6.5%

  $4,193,686

  7%

  $3,894,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,121,108

  Geo Method

  $7,239,765

• Alternative Use

  Use

  Valuation

  Residential

  $3,537,531

  Hospitality

  $3,240,359

  Educational

  $2,695,941

  Medical

  $2,788,658

  Retail

  $4,193,686

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0847

Longitude

-78.9043

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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