127 Hay StFayetteville, NC 28301

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 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.

• 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

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