2557 Ravenhill DrFayetteville, NC 28303

Property Details for 2557 Ravenhill Dr

Year built

1981

Lot size

0.67 AC

Property size (Sq ft)

1,574 SF

Zone code

LC

Property type

Office properties

APN

0427-22-0592

APU

427220592

Description

This exceptional 1,574 square foot office space, located in Cumberland County's C1 Local Business District (APN 0427-22-0592.003), presents a fantastic leasing opportunity. The property features a traditional office layout ideal for multiple tenants, encompassing five individual offices, two well-maintained bathrooms, a spacious reception area perfect for client interaction, and a recently updated kitchen with ample storage. The suite boasts on-site parking directly in front of the building, ensuring convenient access for staff and clients. Recent renovations have resulted in pristine interior conditions, highlighted by new flooring and fresh paint throughout. This move-in ready space offers significant value, with rent inclusive of HOA fees and property taxes. The property's zoning as C1 - Local Business District signifies its suitability for a wide range of professional businesses. This is a rare opportunity to secure a well-maintained, conveniently located office space in a thriving business district. The combination of modern amenities, convenient parking, and all-inclusive rent makes this an attractive proposition for businesses seeking a professional and efficient workspace. Don't miss out on this chance to establish your business in this desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $388,676

  6.5%

  $358,778

  7%

  $333,151

• Comparable approach

  Method

  Valuation

  Relative Method

  $405,266

  Geo Method

  $361,296

• Alternative Use

  Use

  Valuation

  Residential

  $444,885

  Hospitality

  $407,512

  Educational

  $339,045

  Medical

  $350,706

  Retail

  $527,404

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0483

Longitude

-78.9262

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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