For Sale
$361,950

581 Executive PlFayetteville, NC 28305

Fayetteville Office Condo - Newly Renovated

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2,413 sq ft Class B office condo, located at 581 Executive Place (Unit C) in Fayetteville, NC, presents a unique investment opportunity. Completely renovated in 2024, this vacant property boasts a desirable location in the North Fayetteville submarket, known for its low 2.4% vacancy rate and strong rental growth (2.1% increase in the past year, currently averaging $19.20/SF). The three-story building, constructed in 1989 and situated on a 0.62-acre lot (APN: 0427-23-8076-103), offers a versatile layout. The first floor comprises 990 sq ft, including a waiting room, reception area, restrooms, storage, and two private offices. The second floor mirrors this with 994 sq ft, featuring a conference room, restroom, storage, and three private offices. A 429 sq ft open workspace occupies the third floor. A convenient handicap ramp/deck is located at the rear. The property benefits from its proximity to Highland Shopping Center and Tallywood Shopping Center, and is conveniently located one mile from the All-American Expressway on-ramp. This turnkey property is priced at $361,950 ($150/sq ft) and is zoned LC. Floor plans are available upon request.

Highlights

  • 2,413 sq ft Class B office condo in Fayetteville, NC.
  • Completely renovated in 2024, currently vacant.
  • Desirable North Fayetteville location with 2.4% vacancy rate and 2.1% rental growth (avg. $19.20/SF).
  • Three-story building on a 0.62-acre lot (APN: 0427-23-8076-103).
  • Turnkey property priced at $361,950 ($150/sq ft), zoned LC.

Property Details for 581 Executive Pl

Property type
Office properties
Square Feet
2,413 SF
Class
B
Year Built/Renovated
1989/2024
Buildings
1
Stories
3
Lot Size (sq. ft)
27,007 SF
Units
1

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.0499409
Longitude
-78.9237413
581 Executive Pl, Fayetteville, North Carolina

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581 Executive Pl
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