4808 Ramsey StFayetteville, NC 28311

Property Details for 4808 Ramsey St

Year built

1969

Lot size

2.39 AC

Property size (Sq ft)

7,536 SF

Zone code

LC-LIMITED COMMERCIAL

Property type

Retail properties

Property subtype

Super regional malls

APN

0530-60-3969

APU

530603969

Description

This exceptional 3.31-acre commercial land parcel in Fayetteville, North Carolina, presents a compelling redevelopment opportunity. Located at a signalized intersection on a heavily commercialized section of Ramsey Street (address: 4808 Ramsey St, Fayetteville, NC 28311), the property boasts high visibility and excellent access. The site currently includes a 14,487 square foot retail strip center, a vacant rear lot, and a detached single-family dwelling. The existing retail center offers short-term, month-to-month leases, providing immediate interim income potential. The property's APN is 0530-60-3969 and is zoned LC - Limited Commercial. This prime location, combined with the existing structures and ample space, makes this an ideal investment for developers seeking to capitalize on the thriving commercial activity in Fayetteville. The asking price for this significant property is $4,000,000. This is a rare chance to acquire a substantial land holding in a high-demand area with immediate income potential and significant future development possibilities. The Cumberland County location offers easy access to major transportation routes and a robust local economy. This property is ready for your vision.

• CAP approach

  CAP return

  Valuation

  6%

  $2,735,391

  6.5%

  $2,524,976

  7%

  $2,344,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,890,052

  Geo Method

  $4,359,130

• Alternative Use

  Use

  Valuation

  Residential

  $2,129,912

  Hospitality

  $1,950,988

  Educational

  $1,623,199

  Medical

  $1,679,024

  Retail

  $2,524,976

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.1266

Longitude

-78.8784

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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