604 Reilly RdFayetteville, NC 28314

Property Details for 604 Reilly Rd

Year built

1987

Lot size

2.63 AC

Property size (Sq ft)

2,184 SF

Zone code

CC

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

9497-58-4863

APU

9497584863

Description

This 3,810-square-foot single-tenant warehouse, located at 604 S. Reilly Rd in Fayetteville, North Carolina (zip code 28314), presents a unique investment opportunity. The property is zoned C3 - Heavy Commercial and features a six-bay repair shop, fully equipped with lifts, a compressor, and other automotive repair equipment. The building includes a waiting room with a service desk, a storage room, and two bathrooms. The waiting and office areas are climate-controlled with an HVAC unit. Prominent signage is visible from Reilly Road and on the building itself. The property has a history as a tire and repair shop and previously housed a used car lot. Additional land west of the shop is available for separate purchase. All existing equipment is offered as-is. The lease price includes property taxes and fire insurance on the building. Tenant responsibilities include repairs and upkeep, all utilities, grounds maintenance, and signage changes. The owner covers roof and wall maintenance. A $2,000 HVAC and $1,000 plumbing/electrical repair cap is included. Tenant's property insurance and general liability insurance (listing owner as additional insured) are required. This property is ideal for an automotive repair business or similar enterprise seeking a well-equipped, established location in a high-traffic area. The Cumberland County location offers excellent access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $688,215

  6.5%

  $635,275

  7%

  $589,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $822,584

  Geo Method

  $777,039

• Alternative Use

  Use

  Valuation

  Residential

  $635,275

  Hospitality

  $581,909

  Educational

  $484,141

  Medical

  $500,792

  Retail

  $753,109

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0657

Longitude

-79.0151

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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