HISTORIC DOWNTOWN BUILDING FOR SALE 120 Gillespie St, Fayetteville, NC 28301

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1 150 N. McPherson Church Rd Fayetteville, NC RETAIL PROPERTY FOR SALE HISTORIC DOWNTOWN BUILDING FOR SALE 120 Gillespie St, Fayetteville, NC 28301

2 EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: Lot Size: PROPERTY OVERVIEW $399, Acres Year Built: 1964 Building Size: 4,290 Renovated: 2018 Zoning: DT - Downtown Market: Fayetteville MSA Submarket: Downtown In the heart of Historic Downtown Fayetteville, this retail and/or office building is available for sale at the corner of Gillespie St & Franklin St. The building has direct visibility from the Cumberland County Courthouse, Market House, and various downtown retailers/offices such as Sherefe Restaurant & Cape Fear Finance. The first floor was most recently used as Mayor Mitch Colvin's campaign headquarters and is separated in two sections. The front portion is a mainly open layout with a private closet. The back portion includes an office, bathroom, and rear access into the suite. The first floor can be leased separately from the second floor. The second floor was formerly Bennett Engineering and is separated into multiple private offices with lots of natural light. Perfect for an attorney, grant writer, surveyors, anyone with downtown-related business or as a residential conversion. The second floor also has it's own private entrance from Gillespie St & Franklin St. LOCATION OVERVIEW Located at the corner of Gillespie & Franklin St Downtown, with direct visibility across the Cumberland County Courthouse. Price / SF: $93.01

3 120 GILLESPIE ST, FAYETTEVILLE, NC RETAILER MAP

4 FAYET TEVILLE MSA FAYETTEVILLE MSA Fayetteville, NC is the county seat of Cumberland County, the fifth-most populous county in North Carolina. The Fayetteville metro area is the largest in southeastern North Carolina and the fifth-largest in the state with a population of 300,000+ people. Suburban areas include Fort Bragg, Hope Mills, Spring Lake, Raeford, Pope Field, Rockfish, Stedman, and Eastover. Fayetteville serves as the region's hub for shops, restaurants, services, lodging, health care, and entertainment. The city has received the All-American City Award from the National Civic League three times and boasts one of the most diverse populations in the nation. Fayetteville enjoys a low unemployment rate of 4.5% with a large labor pool of trained professionals. The backbone of the economy, Fayetteville is best known as the home of Fort Bragg military base, the largest installation int he world with more than 50,000 active duty personnel. Fort Bragg & Pope Field pump about $4.5 billion a year into the region's economy, making Fayetteville one of the best retail markets in the country. The area has a large and growing defense industry ranking in the Top 5 Defense Industry Development areas in the US with 8 of the 10 top American defense contractors located in the area, including Lockheed Martin, Boeing, Northrop Grumman, Generaly Dynamics, and L-3 Communications.

5 DOWNTOWN SUBMAR KET DOWNTOWN SUBMARKET The social and cultural heart of our community, Downtown Fayetteville is on the rise with new life brought in the last two decades through numerous revitalization projects. The largest of these projects is ongoing to bring a minor league baseball team to the area. The stadium is currently under construction and is already responsible for $100+ million in outside investment in the area, with the expected completion date of the stadium in April of Residents and visitors enjoy a vibrant downtown with offerings for everyone including museums, art galleries and studios, antique shops, gift specialty stores, fine restaurants, cozy coffee shops, lively cultural and entertainment centers and government offices. Downtown Fayetteville is also home to the International Folk Festival, the Dogwood Festival, 4th Friday events, Fayetteville after Five concerts, and other special events. The area also brings visitors to three parks: Festival Park, Linear Park, & Cross Creek Park, Airborne & Special Operations Museum, and the new North Carolina State Veterans Park.

6 ADDITIONAL PHOTOS

7 LOCATION MAPS

8 120 GILLESPIE - FIRST FLOOR LAYOUT DISCLAIMER NOT DRAWN TO SCALE. NOT DRAWN BY A GENERAL CONTRACTOR NOR ARCHITECT. THIS IS FOR USE TO SEE HOW SPACE IS LAID OUT. NO REPRESENTATIONS OR WARRANTIES ARE MADE, EXPRESSED OR IMPLIED, AS TO THE ACCURACY OF THIS INFORMATION. REFERENCES TO MEASUREMENTS AND SQUARE FOOTAGE ARE APPROXIMATE. USER MUST VERIFY THE INFORMATION AND BEARS ALL RISK FOR ANY INACCURACIES

9 120 GILLESPIE - SECOND FLOOR LAYOUT DISCLAIMER NOT DRAWN TO SCALE. 8 4 NOT DRAWN BY A GENERAL CONTRACTOR NOR ARCHITECT. THIS IS FOR USE TO SEE HOW SPACE IS LAID OUT. NO REPRESENTATIONS OR WARRANTIES ARE MADE, EXPRESSED OR IMPLIED, AS TO THE ACCU- RACY OF THIS INFORAMTION. REFERENCES TO MEASUREMENTS AND SQUARE FOOTAGE ARE APPROXIMATE. USER MUST VERIFY THE INFORMATION AND BEARS ALL RISK FOR INACCURACIES