Freestanding QSR Redevelopment Opportunity

For Sale

117 Grove Street, Fayetteville, NC 28301

This Fayetteville property for sale is located at 117 Grove Street. The current listed sale price for Freestanding QSR Redevelopment Opportunity is $975,040. Freestanding QSR Redevelopment Opportunity is situated on a lot that is 0.74 acre in size.

Contacts

broker
Patrick Murray, CCIM, SIOR

Grant-Murray Real Estate

Property Details

  • Property Type Retail - Freestanding
  • Property Size 2,770 SF
  • Units 1
  • Lot Size 0.74 Acre
  • Property Tenancy Single Tenant
  • Year Built 1984
  • Date Updated Mar 11, 2025
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.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.
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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

Getting around

  • 67/100

    Walk Score ®

  • 47/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Fayetteville, NC
  • Neighborhood Downtown Fayetteville
  • Zip Code 28301

Points of Interest

  • Fayetteville

    0.55 miles

  • Speedway

    0.49 miles

  • Family Fare

    1.12 miles

  • Haymount Exxon

    1.37 miles

  • BP

    1.57 miles

  • Exxon

    2.63 miles

  • Tesla Supercharger

    4.46 miles

  • Parking Deck

    0.43 miles

  • Sandhills Access Parking

    7.88 miles

  • Vibe Gastropub

    0.40 miles

  • Antonella's Ristorante

    0.40 miles

  • Pierros Bistro

    0.41 miles

  • Subway

    0.56 miles

  • Mi Casita

    0.63 miles

  • Sandpiper Seafood Buffet

    0.67 miles

  • Fuller's Old Fashion BBQ

    0.78 miles

  • McAlister's Deli

    1.33 miles

  • China Garden

    1.37 miles

  • Latitude 35 Bar and Grill

    1.38 miles

  • Family Fare

    0.27 miles

  • Food Lion

    0.83 miles

  • IGA

    2.19 miles

  • Harris Teeter

    2.78 miles

  • Publix

    3.25 miles

  • Walmart Supercenter

    4.11 miles

  • Kohl's

    4.65 miles

  • Belk

    4.86 miles

  • JCPenney

    4.93 miles

  • Cross Creek Mall

    4.94 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Patrick Murray, CCIM, SIOR

Grant-Murray Real Estate

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