117 Grove St - Restaurant FOR SALE


Fayetteville, NC 28301- Downtown Fayetteville
$975,040 USD
910-861-0449
117 Grove St, Fayetteville, NC for Sale
$975,040 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

117 Grove St
Fayetteville, NC 28301
Downtown Fayetteville


HIGHLIGHTS

  • 0.74-acre site with DT2 zoning for flexible use
  • 32,776 vehicles per day along a major corridor
  • Access to a full-movement traffic light for easy access
  • Strong daytime population of 56,778 within three miles
  • Average household income of $74,353 within three miles
  • Ideal for restaurant, coffee shop, auto service, and retail

OVERVIEW

Located along a high-traffic corridor with a daily vehicle count of 32,776, this 0.74-acre site at 117 Grove Street offers a prime redevelopment opportunity near downtown Fayetteville. The existing 2,770 SF freestanding restaurant building is in poor condition and intended for demolition, making way for a modern commercial development. Zoned DT2, the property accommodates a range of potential uses, including quick-service restaurants, coffee shops, automotive service centers, and other high-demand retail concepts. Positioned for maximum accessibility, the site benefits from a nearby full-movement traffic light, ensuring seamless ingress and egress. With an asking price of $975,040, this location presents a valuable opportunity for investors and developers seeking a well-situated, high-visibility property in a growing market. Just minutes from downtown Fayetteville, this site is positioned within a vibrant commercial district with strong consumer demand. The area boasts a total daytime population of 56,778 within three miles, ensuring a steady flow of potential customers and employees. The surrounding community has an average household income of $74,353 within three miles, reflecting solid spending power. Major roadways and public transit options provide easy connectivity, making the property well-suited for a variety of business ventures. Proximity to downtown, along with growing residential and commercial development, further enhances the site’s long-term viability for redevelopment.

FOR SALE DETAILS

PRICE

$975,040 USD

PRICE/SF

$412 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Freestanding QSR Redevelopment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

CROSS STREETS

Barges Ln

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

DT2 (CFRO)

APN/PARCEL ID

0437-75-3736

ASK ABOUT THIS PROPERTY

Patrick Murray, CCIM, SIORGrant-Murray Real Estate LLCMore Info
910-861-0449

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Patrick Murray, CCIM, SIORGrant-Murray Real Estate LLCMore Info
910-861-0449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.