3416 Melrose RdFayetteville, NC 28304

Property Details for 3416 Melrose Rd

Year built

1970

Lot size

0.34 AC

Property size (Sq ft)

2,526 SF

Zone code

OI

Property type

Medical offices

Property subtype

Medical centers

APN

0416-87-9025

APU

416879025

Description

This exceptional medical office building, located at 3416 Melrose Rd in Fayetteville, North Carolina (28304), presents a unique investment opportunity. The property boasts a desirable corner lot spanning 0.32 acres, offering excellent visibility and accessibility. The building itself encompasses approximately 2,500 to 2,600 square feet and is ideally suited for a variety of medical practices. Currently configured as a dental office, the space includes eight well-appointed exam rooms, a spacious reception area, a private office for administrative staff, ample storage areas, a panoramic room, a dedicated lab, and a comfortable staff area. The building's character is enhanced by beautiful exposed brick features in several rooms, adding a touch of charm and sophistication. Recent upgrades include the installation of three brand-new HVAC units in December 2023, ensuring efficient and comfortable climate control. Its convenient location near Cape Fear Valley Hospital further enhances its appeal and potential for success. The asking price for this turnkey medical office building is $599,500. This presents a compelling opportunity for investors seeking a well-maintained, strategically located property in a thriving healthcare market. The property's features and location combine to create a strong foundation for immediate occupancy and long-term profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $623,765

  6.5%

  $575,783

  7%

  $534,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $650,372

  Geo Method

  $579,818

• Alternative Use

  Use

  Valuation

  Residential

  $713,971

  Hospitality

  $653,993

  Educational

  $544,115

  Medical

  $562,828

  Retail

  $846,401

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0333

Longitude

-78.9368

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].