2350 Lillington HwySpring Lake, NC 28390

Property Details for 2350 Lillington Hwy

Year built

1981

Lot size

2.00 AC

Property size (Sq ft)

5,000 SF

Zone code

C1P

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

0513-50-0271

APU

513500271

Description

This exceptional 5,500 square foot commercial property in Spring Lake, North Carolina, presents a unique leasing opportunity. Located at 2350 Lillington Hwy, zip code 28390, this single-story building offers 2,190 square feet of immediately available space, perfect for a variety of uses. The property is categorized as Retail, Office, and Special Purpose, with suitable subtypes including coworking, medical office, creative office, and traditional office spaces. The building underwent a complete renovation in 2023, ensuring modern and updated facilities. Electricity is supplied by SREMC. The space previously served as a game room and private club, offering a flexible layout adaptable to diverse business needs. The asking lease rate is $9.00 per square foot. The property is situated in Cumberland County and features multiple tenancies, making it ideal for businesses requiring flexible space arrangements. This prime location in Spring Lake offers excellent visibility and accessibility. The building's total square footage is 5,500 square feet, with the vacant space ready for immediate occupancy. This is an exceptional opportunity to secure a well-maintained, versatile commercial space in a thriving North Carolina community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,844,053

  6.5%

  $1,702,203

  7%

  $1,580,617

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,151,772

  Geo Method

  $2,892,204

• Alternative Use

  Use

  Valuation

  Residential

  $1,435,872

  Hospitality

  $1,315,251

  Educational

  $1,094,273

  Medical

  $1,131,907

  Retail

  $1,702,203

Location Insight

City

Spring Lake

County

Cumberland

State

North Carolina

Latitude

35.2068

Longitude

-78.9496

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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