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Property profile & analytics
FOR LEASE
Retail space

208 Hay St Fayetteville, NC 28301

8,248 SF 0.19 ac lot Built 1900
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US53-0133250
Property summary
AI-generated overview

This exceptional two-story office building, located at 208 Hay Street in the heart of downtown Fayetteville, NC, presents a unique investment opportunity. The property encompasses over 16,500 square feet of beautifully remodeled interior space, boasting a modern design and functional layout. A complete renovation in 2018 included a new roof, creating a building that is both aesthetically pleasing and structurally sound. The soaring 20-foot ceilings contribute to a spacious and open feel, while the adaptable floor plan allows for diverse uses, from traditional offices to co-working spaces or creative studios. The building's design also facilitates easy subdivision, making it ideal for multi-tenant occupancy. Each office or suite is equipped with secure access codes, enhancing privacy and security for tenants. The property sits on a 0.19-acre lot and was appraised at $2.4 million in 2021. Impeccably maintained and ready for immediate occupancy, this property offers an unparalleled opportunity for businesses seeking a dynamic and contemporary workspace in a vibrant downtown location. The building's thoughtful design and prime location make it an exceptional investment prospect. This move-in ready space is perfect for businesses seeking a high-quality, adaptable environment in a thriving urban setting.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 8,248 SF
Lot 0.19 ac (8,276 SF)
Zoning code DT
APN 0437-54-9462
UPID US53-0133250
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Century 21 Liberty Real Estate Agency
  • Patriot Property Management ,LLC Property Management Company
  • KimRussellRealtor Real Estate Agency
  • Joshua Barnett Realtor Real Estate Agency
  • ACLC LLC Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.44M
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$1.40M
Owner & transaction history
Advanced Computer Learning Co · 16 yrs held
Advanced Computer Learning Co
since 2009
7 recorded transactions
2021
Price N/A
2018
Price N/A
2018
Price N/A
2009
$600,000
2006
$270,000
2006
Price N/A
2006
$305,000
Zoning & alternative use
DT · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.7M +72.7%
Medical building $1.4M +38.6%
Auto repair, garage $1.4M +37.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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