CLUB BARCELONA-REDEVELOPMENT SITE 1501 Skibo Rd ... · CLUB BARCELONA-REDEVELOPMENT SITE 1501 Skibo...

C LU B B A R C E LO N A-R E D E V E LO P M E N T S I T E1501 Skibo Rd , Fayettevi l le , NC 28303for more information PAT R I C K M U R R AY, C C I M , C L S

Principal / Broker in ChargeO: 910.829.1617 x202C: [email protected]

150 N. McPherson Church RdFayetteville, NC 28303

www.grantmurrayre.com

NIGHTCLUB PROPERT Y FOR SALE

for more information P AT R I C K M U R R AY, C C I M , C L S


OFFERING SUMMARY

Sale Price: $3,000,000

Lot Size: 2.57 Acres

Year Built: 2010

Building Size: 14,000

Zoning: CC-CommunityCommercial

Traffic Count: 41,000

Price / SF: $214.29

Over 2.5 acres along Skibo Rd are available for sale. This is a great opportunity for aredevelopment, retail center, car lot, and many other uses. The property is currentlyconstructed and operated as a nightclub. Club Barcelona is an approximately 14,000square foot, two-story high-end nightclub. The nightclub was constructed in 2010and built with many high-end finished to include beautiful marble floors and astart-of-the-art audio/visual system which is included with the purchase of the club.The site's excellent location along Skibo Rd also lends itself to the potential forredevelopment to another use.

PROPERTY OVERVIEW

The property is located at the signalized intersection on Skibo Rd allowing for easy

access for customer traffic. It is approximately ten minutes from Fort Bragg's gates

and in the heart of the trade area's main retail corridor. The nearby Legend Ave is

scheduled to be realigned to provide that street with access to the traffic light which

will give this property easy access to Sycamore Dairy Rd.

LOCATION OVERVIEW

Barcelona Nightclub-Redevelopment Opportunity1 5 0 1 S K I B O R D , FAY E T T E V I L L E , N C 2 8 3 0 3

E XEC U T IVE SU MMA RY


A D D IT I O NA L PH OTOS






FLO O R PL A NS


A ER I A L MA P






LO CAT I O N MA PS

Executive Summary1501 Skibo Rd, Fayetteville, North Carolina, 28303 Prepared by Patrick Murray, CCIM, CLSRings: 1, 3, 5 mile radii Latitude: 35.08159

Longitude: -78.95461

1 mile 3 miles 5 milesPopulation

2000 Population 4,657 58,334 149,3102010 Population 4,748 57,833 144,8552016 Population 5,164 59,158 148,6522021 Population 5,405 60,347 151,9262000-2010 Annual Rate 0.19% -0.09% -0.30%2010-2016 Annual Rate 1.35% 0.36% 0.41%2016-2021 Annual Rate 0.92% 0.40% 0.44%2016 Male Population 48.5% 47.8% 47.7%2016 Female Population 51.5% 52.2% 52.3%2016 Median Age 29.8 33.3 32.5

In the identified area, the current year population is 148,652. In 2010, the Census count in the area was 144,855. The rate of change since 2010 was 0.41% annually. The five-year projection for the population in the area is 151,926 representing a change of 0.44% annually from 2016 to 2021. Currently, the population is 47.7% male and 52.3% female.

Median Age

The median age in this area is 29.8, compared to U.S. median age of 38.0.Race and Ethnicity

2016 White Alone 41.8% 44.7% 42.7%2016 Black Alone 40.9% 40.8% 43.3%2016 American Indian/Alaska Native Alone 0.9% 0.8% 1.1%2016 Asian Alone 4.5% 4.2% 3.3%2016 Pacific Islander Alone 0.3% 0.4% 0.4%2016 Other Race 5.9% 3.9% 3.9%2016 Two or More Races 5.6% 5.1% 5.3%2016 Hispanic Origin (Any Race) 14.9% 12.2% 11.9%

Persons of Hispanic origin represent 11.9% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 70.6 in the identified area, compared to 63.5 for the U.S. as a whole.

Households2000 Households 2,010 23,461 55,7702010 Households 2,144 24,906 59,2812016 Total Households 2,360 25,789 61,8512021 Total Households 2,479 26,464 63,6032000-2010 Annual Rate 0.65% 0.60% 0.61%2010-2016 Annual Rate 1.55% 0.56% 0.68%2016-2021 Annual Rate 0.99% 0.52% 0.56%2016 Average Household Size 2.19 2.26 2.34

The household count in this area has changed from 59,281 in 2010 to 61,851 in the current year, a change of 0.68% annually. The five-year projection of households is 63,603, a change of 0.56% annually from the current year total. Average household size is currently 2.34, compared to 2.37 in the year 2010. The number of families in the current year is 38,084 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

March 14, 2017

©2016 Esri Page 1 of 2

Executive Summary1501 Skibo Rd, Fayetteville, North Carolina, 28303 Prepared by Patrick Murray, CCIM, CLSRings: 1, 3, 5 mile radii Latitude: 35.08159

Longitude: -78.95461

1 mile 3 miles 5 milesMedian Household Income

2016 Median Household Income $38,328 $42,421 $40,3412021 Median Household Income $39,489 $46,952 $42,3542016-2021 Annual Rate 0.60% 2.05% 0.98%

Average Household Income

2016 Average Household Income $63,704 $61,648 $56,1552021 Average Household Income $68,193 $66,311 $60,5102016-2021 Annual Rate 1.37% 1.47% 1.51%

Per Capita Income2016 Per Capita Income $29,570 $26,924 $23,8082021 Per Capita Income $31,775 $29,107 $25,7712016-2021 Annual Rate 1.45% 1.57% 1.60%

Households by IncomeCurrent median household income is $40,341 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $42,354 in five years, compared to $59,476 for all U.S. households

Current average household income is $56,155 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $60,510 in five years, compared to $84,021 for all U.S. households

Current per capita income is $23,808 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $25,771 in five years, compared to $32,025 for all U.S. households Housing

2000 Total Housing Units 2,335 26,139 61,5382000 Owner Occupied Housing Units 940 12,671 29,4542000 Renter Occupied Housing Units 1,070 10,790 26,3162000 Vacant Housing Units 325 2,678 5,768




Currently, 38.5% of the 71,144 housing units in the area are owner occupied; 48.4%, renter occupied; and 13.1% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 66,100 housing units in the area - 42.6% owner occupied, 47.0% renter occupied, and 10.3% vacant. The annual rate of change in housing units since 2010 is 3.32%. Median home value in the area is $117,859, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 3.04% annually to $136,892.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

March 14, 2017

©2016 Esri Page 2 of 2

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