$3,300,000 USD
910-344-1000
OVERVIEW
Cape Fear Commercial is pleased to present Devonwood Shopping Center, a unique value add opportunity on a hard, lighted corner, in Fayetteville, NC.
A recent failed redevelopment effort prevented new leasing causing the property to become 50% vacant w/ another 34% on MTM leases.
Located in Fayetteville NC at the lighted intersection of S Reilly Rd (24.k VPD) and Morganton Rd (19k VPD).
FOR SALE DETAILS
PRICE
$3,300,000 USD
PRICE/SF
$69 USD /SF
CAP RATE
3.97%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Devonwood Square
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
190
LAND DETAILS
CROSS STREETS
Morganton Rd
LAND ACRES
4.53 AC
LAND SF
197,340 SF
ZONING
C1P
APN/PARCEL ID
9498-74-2611,9498-74-2815
ASK ABOUT THIS PROPERTY
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910-344-1000
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910-344-1000
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