1. North Carolina
  2. Fayetteville
  3. 421 and 419 Chicago Drive
$800,000

421 and 419 Chicago Drive, Fayetteville, NC 28306

  • 6,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2000
  • Property Lot Size Icon0.74acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $133/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

6000 SF building currently leased by Gaston Brewing Company until March 31, 2026. Tenant would like to renew with acceptable lease terms. They have invested hundreds of thousands of dollars into this building and business. Currently a MG lease (landlord pays taxes and insurance). The current rent is below market rate due to a friends and family discount, providing an opportunity to easily adjust the lease rate to reflect true market value. This building can revert to 4 or 5 individual condos of 1200 SF each for warehouse/office space. Roll up doors in the rear. New phase 3 electric, new plumbing, slot and trench drainage system, gazebo with lights (electricity) in the rear grassy area, 5 HVACs, and approximately 40 parking spaces. This building has been well maintained and had numerous upgrades. Conveniently located near downtown, Interstate 95, and Hwy 87. Rent is currently $5308.47 per month which has been a "friends and family" rate giving the opportunity to raise the rent. Landlord is paying taxes and insurance totaling $11,002.34 annually. The .23-acre lot behind the building can be built on...up to 3 townhouse office type buildings.

Listing Status:
Active
Listing Office:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE : 910-864-2626
MLS ID:
743127
  • Parking: Off Street

This listing courtesy of FRANKLIN JOHNSON COMMERCIAL REAL ESTATE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cumberland Academy K-5 Virtual School

396 Elementary Dr, Fayetteville, NC, 28301

Grades KG-5

0.26 miles away

C

Cumberland Academy 6-12 Virtual School

396 Elementary Dr, Fayetteville, NC, 28301

Grades 6-12

0.26 miles away

C

Cumberland Academy 6-12 Virtual School

396 Elementary Dr, Fayetteville, NC, 28301

Grades 6-12

0.26 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.