127 Hay StFayetteville, NC 28301
- Retail properties
- 4,472 SF
Property Details for 127 Hay St
- Year built
- 1900
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 4,472 SF
- Zone code
- DT
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 0437-64-0039
- APU
- 437640039
Description
This exceptional 12,000 square foot, Class A office building, located at 127 Hay Street in Fayetteville, North Carolina, presents a unique owner/user opportunity. Built in 1900 and extensively renovated in 2015, this two-story building boasts convenient access from both Hay and Franklin Streets, along with a 9-car parking lot. Currently configured as a multi-office space, it offers significant flexibility for adaptation to a more open floor plan, catering to diverse business needs. The property sits on a 0.18-acre lot (APN: 0437-53-9975, 0437-64-0039) and is zoned DT (Downtown). Electrical and plumbing systems were updated during the 2015 renovation. Its prime location in the heart of historic downtown Fayetteville provides exceptional foot traffic and proximity to numerous amenities, including restaurants, Segra Stadium, the Performing Arts Center, shopping, museums, and breweries. The area is experiencing significant revitalization, with millions of dollars invested and further development planned. This presents a compelling investment opportunity in a thriving downtown core. The asking price is $990,000 ($82.50/sq ft). The property is currently vacant.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,623,175
- 6.5%
- $1,498,315
- 7%
- $1,391,293
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,902,011
- Geo Method
- $2,586,787
-
Alternative Use
- Use
- Valuation
- Residential
- $1,263,885
- Hospitality
- $1,157,712
- Educational
- $963,203
- Medical
- $996,329
- Retail
- $1,498,315
Location Insight
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Latitude
- 35.0526
- Longitude
- -78.8796
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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