127 Hay St
12,000 SF Retail Building Fayetteville, NC 28301 $990,000 ($82.50/SF)
INVESTMENT HIGHLIGHTS
- Historic Downtown Location
- Located along Bus Route
- Foot Traffic
EXECUTIVE SUMMARY
Approximately 12,000 square foot, two story building in the heart of historic downtown Fayetteville. Entrances on both Hay Street and Franklin Street plus a 9 car parking lot make this a very special and unique property. Perfect for office or retail, this building currently has a large number of offices but could easily be renovated for a more open floor plan. Easy walk to restaurants, Segra Stadium, Performing Arts Center, shopping, museums, and breweries. Downtown Fayetteville has seen millions of dollars in revitalization and there are plans for millions more in hotels, apartments, townhouses and office space. See Downtown Urban Design plan website below. Now is the time to buy in downtown Fayetteville!
Fayetteville Downtown Urban Design Plan: https://visitdowntownfayetteville.com/wp-content/uploads/2019/03/Downtown-Urban-Design-Plan-20190102.pdf
Fayetteville Downtown Urban Design Plan: https://visitdowntownfayetteville.com/wp-content/uploads/2019/03/Downtown-Urban-Design-Plan-20190102.pdf
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
1900
Price
$990,000
Price Per SF
$82.50
Tenancy
Single
Building Height
2 Stories
Building FAR
1.53
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
DT - DT - Downtown
Parking
9 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
24’ on Hay St
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0437-64-0039 | Improvements Assessment | $322,984 |
| Land Assessment | $141,810 | Total Assessment | $464,794 |
