Eastgate Shopping Center 1506-1524 Clinton Rd 20,800 SF 80% Leased Retail Building Fayetteville, NC 28312 $999,000 ($48.03/SF)
INVESTMENT HIGHLIGHTS
- 435 feet of frontage along Clinton Rd.
- Retail hub with high foot traffic and excellent visibility.
EXECUTIVE SUMMARY
1506 Clinton Rd offers a 20,800± SF retail strip center on a 1.88-acre lot, presenting a compelling value-add opportunity for investors or developers. With over 10,000 SF of vacant space available, the property provides substantial potential for repositioning or redevelopment to attract a diverse tenant mix. The center currently hosts three tenants, generating reliable monthly rental income: a church ($5,273.33), a laundromat ($2,340.90), and a tobacco shop ($1,500). Designed for versatility, the expansive structure sits on a horizontal layout, with 435 feet of frontage along Clinton Rd. A spacious parking lot complements the retail center, offering ample capacity for both current and future tenants.
Explore the Eastgate Shopping Center in Fayetteville, NC, a bustling retail hub with high foot traffic and excellent visibility. Located at the intersection of HWY 53 and Clinton Road, the area attracts a steady flow of shoppers. With strong community support and a favorable demographic profile, it's an ideal location for retail and strip center tenants to thrive.
Explore the Eastgate Shopping Center in Fayetteville, NC, a bustling retail hub with high foot traffic and excellent visibility. Located at the intersection of HWY 53 and Clinton Road, the area attracts a steady flow of shoppers. With strong community support and a favorable demographic profile, it's an ideal location for retail and strip center tenants to thrive.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,800 SF
Building Class
C
Year Built
1968
Price
$999,000
Price Per SF
$48.03
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.88 AC
Zoning
CC - Community Commercial
Parking
66 Spaces (3.17 Spaces per 1,000 SF Leased)
Frontage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Available spaces include a 1,700 SF retail unit at 1516 Clinton Road, Suite A, a 2,400 SF flex space at 1516 Clinton Road, Suite B, and a 1,770 SF retail space at 1508 Clinton Road.
Available spaces include a 1,700 SF retail unit at 1516 Clinton Road, Suite A, a 2,400 SF flex space at 1516 Clinton Road, Suite B, and a 1,770 SF retail space at 1508 Clinton Road.
| Space | Size | Space Use | Position | Available |
| 1516 B | 2,400 SF | Flex | In-Line | Now |
| 1516A | 1,700 SF | Retail | In-Line | Now |
1516 B
| Size |
| 2,400 SF |
| Space Use |
| Flex |
| Position |
| In-Line |
| Available |
| Now |
1516A
| Size |
| 1,700 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0447-41-7282 | Improvements Assessment | $607,197 |
| Land Assessment | $168,398 | Total Assessment | $775,595 |
