4940 Nc Highway 87Fayetteville, NC 28306

Property Details for 4940 Nc Highway 87

Year built

1987

Lot size

1.82 AC

Property size (Sq ft)

2,400 SF

Zone code

C1P

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

0442-39-8882

APU

442398882

Description

This exceptional commercial property in Fayetteville, North Carolina, presents a unique investment opportunity. Located at 4940 NC Hwy 87 in the Gray's Creek submarket of Cumberland County, this 0.75-acre site offers 32,670 square feet of vacant retail space. The property is zoned C1(P) and is part of a larger parcel, currently master-leased by a gas station operator. The site will be delivered "as-is," with any improvements the responsibility of the subtenant. Benefit from a prime location along NC Hwy 87 S, situated between the signalized intersections of Sand Hill Rd and Pummill Rd. This high-visibility location boasts an impressive average daily traffic count of 19,500 vehicles. The surrounding area demonstrates strong demographics, with a population of 10,389 within a three-mile radius and an average household income of $97,113. This makes it an ideal location for a variety of retail businesses seeking high visibility and access to a substantial consumer base. The property's size and location offer significant potential for development and growth. The zip code is 28306.

• CAP approach

  CAP return

  Valuation

  6%

  $871,055

  6.5%

  $804,051

  7%

  $746,619

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,557,602

  Geo Method

  $1,388,258

• Alternative Use

  Use

  Valuation

  Residential

  $678,247

  Hospitality

  $621,271

  Educational

  $516,890

  Medical

  $534,666

  Retail

  $804,051

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

34.931

Longitude

-78.8536

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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