Mixed Use Redevelopment Opportunity Downtown

405-417 Hay St, Fayetteville, NC

$4,650,000

Price

69,323 sqft

Building Size

1.98 acres

Lot Area

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Street
Map
Overview
Building Size
69,323 sqft
Lot Area
1.98 acres
Class
B
Units
3
Year Built
1904
Floors
4
Description

Unique opportunity to purchase nearly 70,000 SF in Downtown Fayetteville. The historic Huske Buildings located at 405-421 Hay St are available for sale for $4,650,000. The property consist of three parcels totaling 1.98 acres zoned DT1 and a large parking lot to the rear. Building 405 is a 41,950 SF four-story building with the 19,000+ SF restaurant and brewery space currently available for lease for $15,000 per month. The restaurant is fully equipped with the use of the FF&E included in the rental rate. Building 417 is a 27,373 SF five-story building with a 2,778 SF space available for lease and a popular hair salon on the ground floor. Floors two through five could be built out as apartments to make this a very unique redevelopment project in the heart of historic downtown Fayetteville just steps away from the Segra Stadium, Prince Charles, and much more.

The property is located in historic downtown Fayetteville at the intersection of Hay St and Ray Ave. The new Segra baseball stadium is within a block from the property and numerous other restaurants, retail, Fayetteville City Hall, and other businesses are all within walking distance from the property. The downtown Fayetteville submarket is centrally located within the Fayetteville MSA making is easily accessible to the region and having a 10-15 minute drive from Fort Bragg. Within a three-mile radius of the property there are 39,171 residents with an average household income of $64,215.

Highlights
  • Redevelopment opportunity in historic Downtown Fayetteville
  • Close to Segra Stadium and other projects
  • Two buildings-69,323 SF
  • Three tenant spaces on the ground floor
  • Large parking lot behind the buildings
  • Great potential for apartments on upper floors
  • Fully-equipped restaurant space included
Documents
Location
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