311 Hay StFayetteville, NC 28301

Property Details for 311 Hay St

Year built

2007

Property size (Sq ft)

1,578 SF

Zone code

DT1 - DOWNTOWN AREA 1

Property type

Retail space

APN

0437-54-3472-106

APU

437543472106

Description

This exceptional 259,000 USD commercial condominium is situated on a high-visibility corner in the vibrant heart of downtown Fayetteville, North Carolina. The unit boasts an abundance of glass, maximizing natural light and providing excellent street presence. Its prime location ensures significant foot and vehicular traffic, benefiting from the bustling activity of the downtown area. The property is ideal for a savvy investor seeking a strong return or an end-user looking for a prominent space to establish their business. The surrounding area is experiencing significant revitalization, with key developments such as Segra Stadium and the planned Art Center contributing to increased foot traffic and economic growth. These ongoing improvements to the downtown streetscape further enhance the property's value and potential. The unit's strategic location offers easy access to a wide range of businesses and amenities, making it an attractive proposition for a diverse range of commercial ventures. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly developing downtown core. The property is a retail space, though the exact square footage is not currently available. The lot size is 0 acres.

• CAP approach

  CAP return

  Valuation

  6%

  $572,760

  6.5%

  $528,702

  7%

  $490,937

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,024,002

  Geo Method

  $912,780

• Alternative Use

  Use

  Valuation

  Residential

  $445,980

  Hospitality

  $408,515

  Educational

  $339,880

  Medical

  $351,569

  Retail

  $528,702

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0536

Longitude

-78.8819

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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