127 Hay StFayetteville, NC 28301

  • Retail properties
  • 4,472 SF
For Sale
$990,000 View listing

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
127 Hay St, Fayetteville, North Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$6,644
$141,810
$322,984
$464,794
-
$141,810
$322,984
$464,794

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