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Downtown Fayetteville Commercial Space

123 Hay St, Fayetteville, NC 28301

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Adaptable commercial property in downtown Fayetteville with strong foot traffic.

Type:Retail

Property size:

10,924 SF

Price / SF:

$182/SF

HighLights

High foot traffic, excellent visibility in downtown Fayetteville.
Existing infrastructure for a brewery/bar, including walk‑in coolers and finished bar area.
Flexible, open layout suitable for brewery, restaurant, bar, or office space.
Potential to develop an upstairs level for expanded seating or lounge.
Adaptable floor plan suitable for creative office space or modern workplace.
Historic building (built in 1900) with unique character.

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Franklin Johnson

For Sale

Contact for pricing

Adaptable commercial property in downtown Fayetteville with strong foot traffic.

Type:Retail

Property size:

10,924 SF

Price / SF:

$182/SF

Added:: Feb 25, 2026
Days on Market:: 122
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 123 Hay St

General Information

Standard status: Active
Size: 10,924 SF
Property subtype: Retail

Building Details

Year Built: 1900

We can help!

Contact an agent

Franklin Johnson

Listing office Franklin Johnson Commercial Real Estate

Listing date Feb 25, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Franklin Johnson Commercial Real Estate

HighLights

High foot traffic, excellent visibility in downtown Fayetteville.
Existing infrastructure for a brewery/bar, including walk‑in coolers and finished bar area.
Flexible, open layout suitable for brewery, restaurant, bar, or office space.
Potential to develop an upstairs level for expanded seating or lounge.
Adaptable floor plan suitable for creative office space or modern workplace.
Historic building (built in 1900) with unique character.

Overview

Located in downtown Fayetteville, this commercial property benefits from strong foot traffic and visibility. The space was originally built out for a brewery and includes existing infrastructure such as walk-in coolers and a finished bar area, though no brewery equipment remains. The open layout provides flexibility for various uses, including a brewery, restaurant, or bar. There is potential to develop an upstairs level into an additional bar or lounge area. The adaptable floor plan also makes the property suitable for conversion into creative office space or a modern workplace environment. The property size is 10924 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$222.8k	$20.40
− Vacancy	−$12.5k	−$1.14
EGI	$210.4k	$19.26
− OpEx	−$52.6k	−$4.81
NOI	$157.8k	$14.44

10,924 SF · lease $20.40/SF/yr · vacancy 5.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.25M

$1.97M – $2.63M (±1% cap)

NOI $157,778 @ 7.0% cap · market cap 7.89%

Second Best

Office B

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,543 @ 7.0% cap · market cap 6.68%

Theoretical Best

Office A

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,583 @ 7.0% cap · market cap 8.38%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

The Traveler by Southern ... Production Facility

Suggested Use

Similar Places Nearby

Mondrell's Social Lounge — 130 Person St, Fayetteville, NC 28301
Walker's Hookah Cafe — 116 Gillespie St, Fayetteville, NC 28301
CRU Lounge Fayetteville — 114 Gillespie St, Fayetteville, NC 28301
Circa 1800 — 108 Person St, Fayetteville, NC 28301
Bruce's Sportsbloc and Lounge — 126 Person St, Fayetteville, NC 28301

Location Insight

Map
Local Demand

City: Fayetteville
County: Cumberland
State: North Carolina
Longitude: -78.8794136
Latitude: 35.0527591

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For sale
Bars & Pubs
NC
Fayetteville
28301
123 Hay St

What type of property is this?

Bar & Pub - Adaptable commercial property in downtown Fayetteville with strong foot traffic.

Where is this bar & pub located?

The property is located at 123 Hay St Fayetteville, NC.

What is the asking price?

The asking price for this property is $1,999,000.

What are key features of this property?

This property features: High foot traffic, excellent visibility in downtown Fayetteville.; Existing infrastructure for a brewery/bar, including walk‑in coolers and finished bar area.; Flexible, open layout suitable for brewery, restaurant, bar, or office space.