1431 Ramsey StFayetteville, NC 28301

Property Details for 1431 Ramsey St

Year built

1994

Lot size

1.80 AC

Property size (Sq ft)

1,010 SF

Zone code

LC

Property type

Retail space

APN

0438-53-2331

APU

438532331

Description

This exceptional 1,010-square-foot retail property in Cumberland County presents a compelling investment opportunity. Situated on a generous 2.51-acre lot, the building, constructed in 1994, boasts a prime location with high visibility along Ramsey Street. The property features three convenient entrances—two facing southbound Ramsey Street and one on Hillsboro Street—providing excellent customer access. Ample parking is available with ten spaces, including one designated handicapped spot, plus additional grassy overflow area. Enhancements include dual-sided signage on Ramsey Street, further amplified by an LED Signtronix display facing northbound traffic. Operational efficiency is maximized with a driver's side drive-thru, a rear service door, and robust security measures such as surveillance cameras and roll-up security shutters. The substantial unimproved land at the rear, accessible from Hillsboro Street, offers significant potential for future expansion or development. The property is zoned LC Commercial, making it suitable for a variety of retail uses. This turnkey operation is ready for immediate occupancy. The building itself offers approximately 882 square feet of usable space. This property is a rare find, combining high visibility, convenient features, and significant expansion potential in a desirable location. Don't miss this chance to acquire a thriving retail space with substantial upside.

• CAP approach

  CAP return

  Valuation

  6%

  $366,600

  6.5%

  $338,400

  7%

  $314,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $655,401

  Geo Method

  $584,225

• Alternative Use

  Use

  Valuation

  Residential

  $285,453

  Hospitality

  $261,473

  Educational

  $217,543

  Medical

  $225,024

  Retail

  $338,400

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0779

Longitude

-78.8822

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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