957 Old Mcpherson Church RdFayetteville, NC 28303

Property Details for 957 Old Mcpherson Church Rd

Year built

1963

Lot size

0.46 AC

Property size (Sq ft)

2,095 SF

Zone code

OI

Property type

Office properties

Property subtype

Office buildings

APN

0417-82-6089

APU

417826089

Description

This exceptional 2,126 square foot commercial property, located at 957 S Old Mcpherson Church Road S Unit 957, Fayetteville, NC, presents a unique investment opportunity. Situated on a 0.58-acre lot, this building enjoys a high-traffic location off McPherson Church Road and All American Highway, ensuring excellent visibility and accessibility. Previously used as a medical office, the versatile space is ideal for a variety of professional uses, including business offices, institutions, or retail establishments. Remodeled in 2006, the property boasts beautiful hardwood floors throughout. The interior layout includes four spacious offices, a full kitchen, and a large conference room complete with a fireplace. Ample storage space is available both inside and outside the building. An additional, electrically wired storage building is included on the property and can be utilized or removed as needed. The property is zoned to 957 S. Old McPherson Church Road, offering significant potential for a wide range of businesses. This hidden gem in the heart of Fayetteville offers a compelling combination of location, functionality, and aesthetic appeal. The asking price is $365,000.

• CAP approach

  CAP return

  Valuation

  6%

  $517,340

  6.5%

  $477,545

  7%

  $443,434

• Comparable approach

  Method

  Valuation

  Relative Method

  $539,393

  Geo Method

  $480,886

• Alternative Use

  Use

  Valuation

  Residential

  $592,155

  Hospitality

  $542,411

  Educational

  $451,280

  Medical

  $466,800

  Retail

  $701,991

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0472

Longitude

-78.9376

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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