3305 Raeford Rd
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3305 Raeford Rd
3,452 SF Retail Building Fayetteville, NC 28303 $1,500,000 ($435/SF) 7.30% Cap Rate
Investment Highlights
- Versatile 3,452 SF Facility – Ideal for automotive use, car lot lease, fast food, retail, or dual tenancy.
- High Traffic Volume – Benefits from substantial exposure with 56,000 vehicles per day.
- Owner-User or Investor Opportunity – Suited for direct operation or as a leased investment property.
- Prime Location – Near All American Freeway, with easy access to Fort Bragg, Cross Creek Mall, and Downtown Fayetteville.
- Proximity to Key Developments – Located near the recently opened Publix center, enhancing business potential.
- DOT Impact Consideration – A portion of the corner is slated for condemnation by the Department of Transportation, details available in photos and bro
Executive Summary
3305 Raeford Rd. is a versatile 3,452-square-foot facility for sale at $1,500,000. It was previously used for automotive purposes and suits both owner-users and investors. The property, located near the All American Freeway, provides easy access to Fort Bragg Military Base, Cross Creek Mall, Downtown Fayetteville, and other areas. Potential uses include a car lot lease, fast food, retail space, or dual tenancy. The site is near the recently opened Publix center, and traffic in the area is substantial at 56,000 vehicles per day. However, it's important to note that the Department of Transportation plans to condemn a portion of the corner, as indicated in photos and brochures. Prospective buyers should consider this in their evaluation of the property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,452 SF
Building Class
C
Year Built
1990
Price
$1,500,000
Price Per SF
$435
Cap Rate
7.30%
NOI
$109,500
Tenancy
Single
Building Height
1 Story
Zoning
C - Commercial
Parking
40 Spaces (11.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0417-90-3924 | Improvements Assessment | $143,972 |
| Land Assessment | $514,234 | Total Assessment | $658,206 |
PROPERTY TAXES
Parcel Number
0417-90-3924
Land Assessment
$514,234
Improvements Assessment
$143,972
Total Assessment
$658,206
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3305 Raeford Rd
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