2116 Skibo RdFayetteville, NC 28314

Property Details for 2116 Skibo Rd

Year built

2017

Lot size

1.17 AC

Property size (Sq ft)

7,236 SF

Zone code

CC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

0407-73-5754

APU

407735754

Description

This exceptional retail property, located at 2116 Skibo Road in Fayetteville, North Carolina, offers a significant opportunity for businesses seeking a prominent location in a thriving market. The property boasts a total building size of 50,965 square feet, with 7,070 square feet currently vacant, presenting immediate occupancy potential. Built in 2017, the building is in excellent condition and benefits from a single-tenant occupancy, simplifying management and maximizing efficiency. Situated on a 1.17-acre lot, the property offers ample space for parking and potential expansion. Its location in Cumberland County, with a 28314 zip code, provides easy access to major transportation routes and a dense customer base. The property's classification as commercial retail ensures its suitability for a wide range of businesses. The substantial square footage and prime location make this an ideal investment for businesses seeking high visibility and a strong foothold in the Fayetteville market. The vacant space presents a unique opportunity for customization and tenant improvements to perfectly suit a new occupant's needs. This property is ready for immediate occupancy and offers a compelling combination of size, location, and modern construction.

• CAP approach

  CAP return

  Valuation

  6%

  $2,668,278

  6.5%

  $2,463,026

  7%

  $2,287,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,562,752

  Geo Method

  $4,185,598

• Alternative Use

  Use

  Valuation

  Residential

  $2,077,654

  Hospitality

  $1,903,120

  Educational

  $1,583,374

  Medical

  $1,637,828

  Retail

  $2,463,026

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0517

Longitude

-78.9748

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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