411 N Eastern Blvd - Restaurant FOR SALE


Fayetteville, NC 28301- Downtown Fayetteville
$2,805,000 USD
910-861-0449
411 N Eastern Blvd, Fayetteville, NC for Sale
$2,805,000 USD
Restaurant - FOR SALE
1/9
null | Request Cap Rate

411 N Eastern Blvd
Fayetteville, NC 28301
Downtown Fayetteville


HIGHLIGHTS

  • 3.38-acre redevelopment opportunity
  • Zoned LC and MR-5
  • Signalized intersection of Grove St (Hwy 24) and Eastern Blvd (Bus 95)
  • 34,881 VPD on Grove Street
  • 18,119 VPD on Eastern Blvd

OVERVIEW

411 N Eastern Blvd is a 3.38-acre redevelopment opportunity anchored by the long-standing Sandpiper Restaurant, a recognizable site with established visibility and access patterns. The parcel is mostly zoned LC (Limited Commercial-zoning district permits convenience store with gas sales and fast food with drive thru) and MR-5, providing flexibility for a range of commercial or mixed residential uses. Its expansive footprint and frontage along Grove Street and N Eastern Boulevard support multiple redevelopment uses, from c-store to fast food. Located at a signalized intersection along Hwy 24 (Grove St), the property captures significant inbound traffic into Fayetteville, making it a highly visible gateway site. Grove Street carries 34,881 vehicles per day, while N Eastern Boulevard sees 18,119 vehicles daily, creating consistent exposure throughout the day. The surrounding area includes a mix of national retailers, service providers, and dense residential neighborhoods that support sustained consumer demand. Within a 5-mile radius, the population reaches approximately 72,664, with average household incomes up to $81,087, indicating a stable and growing customer base . Accessibility is currently right-in/right-out from Grove Street, with strong connectivity to the broader Fayetteville road network and regional traffic flow.

FOR SALE DETAILS

PRICE

$2,805,000 USD

PRICE/SF

$322 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

106

LAND DETAILS

CROSS STREETS

Grove St

LAND ACRES

3.38 AC

LAND SF

147,233 SF

ZONING

LC/MR-5

APN/PARCEL ID

0447-04-7740

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 Notice.