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Rare Investment Opportunity 107 Person St

2,620 SF 100% Leased Retail Building Fayetteville, NC 28301 $1,200,000 ($458/SF)

Executive Summary

Presenting a prime investment opportunity in the heart of downtown Fayetteville, this two-story, 2620-square-foot building boasts a captivating blend of historic charm and modern amenities. With a steady annual income of $52,200, this property offers both immediate returns and long-term potential. A bonus of two parking spots is offered with this sale.
The ground floor houses a thriving, long-term restaurant establishment, serving as a cornerstone of the local culinary scene.
Upstairs, discover a meticulously renovated apartment, offering luxurious urban living spaces. With attention to detail evident in every corner,.
Beyond its financial appeal, this property is steeped in history, contributing to the vibrant tapestry of downtown Fayetteville. Whether you're seeking an income-generating asset or envisioning a piece of Fayetteville's past as your own, this unique offering awaits your discerning eye.
Don't miss your chance to own a piece of Fayetteville's heritage. Schedule your viewing today and seize this remarkable investment opportunity!"
Located at the intersection of Hay St. and Gillespie St. in historic downtown Fayetteville, this property boasts a prime location teeming with amenities and attractions. Residents and visitors alike can enjoy easy access to a variety of restaurants, retail establishments, and businesses, all within walking distance. The nearby Segra Stadium adds to the vibrant atmosphere, while the imminent construction of the Crown Event Center promises even more excitement with its 3000-seat performing arts venue. Situated centrally within the Fayetteville Metropolitan Statistical Area, this downtown submarket offers unparalleled accessibility to the region, including Fort Liberty, which is reachable in just a 10-15 minute drive. With a three-mile radius encompassing over 39,000 residents and an average household income of $64,215, the property presents an enticing opportunity for businesses looking to tap into a thriving and diverse market.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,620 SF
Building Class
C
Year Built/Renovated
1920/2009
Price
$1,200,000
Price Per SF
$458
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.50
Land Acres
0.04 AC
Opportunity Zone
Yes
Zoning
DT1 - Down Town
Parking
2 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
23 FT on Person St

Amenities

  • Bus Line
  • Signage
  • Air Conditioning
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0437-64-6039
Land Assessment
$65,842
Improvements Assessment
$160,562
Total Assessment
$226,404
  • Listing ID: 31392122

  • Date on Market: 4/2/2024

  • Last Updated:

  • Address: 107 Person St, Fayetteville, NC 28301

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