Brewery Building with Bar
For Sale
$1,969,900
123 Hay Street, Fayetteville, NC 28301
CommercialSale, Fayetteville, NC
Property Size10,924 SF
Price / SF$180.33
Days on Market266
Property Features for 123 Hay Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
DT - Downtown
Security features
Security
Subdivision
FAYETTEVILLE
Lot features
Level
Standard status
Active
APN
0437-64-0058
Size
10,924 SF
Taxes and HOA fees
Tax Description
KATHERINE WHEELER SUB LO:2 PL:0147-0114
Legal Description
KATHERINE WHEELER SUB LO:2 PL:0147-0114
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Forced Air
Cooling system
Electric, Central Air
Water source
Public
Amenities
walk-in coolers
finished bar area
Building Details
Year built
1900
Building materials
Brick
Roof type
Synthetic
Listing Agency:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 864-2626
Listed By:
FRANKLIN JOHNSON · License #146789
(910) 818-8400
Added: Feb 3
Changed: Oct 25
Last Checked: Oct 27 at 9:06PM
MLS# 756895
Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 10,924-square-foot commercial building in downtown Fayetteville was built in 1900 and features brick construction. The interior was configured for brewery operations and retains walk-in coolers, a finished bar area, and an open floor plan. Brewery equipment is not included. An upper level could be developed into additional bar or lounge space, subject to applicable approvals.
The property is served by public water and public sewer, with natural gas, electric, and forced-air heating along with central air conditioning. Its existing layout can accommodate hospitality-oriented concepts such as a brewery, restaurant, or bar, and the space may also be adapted for creative office or workplace use.
The property is served by public water and public sewer, with natural gas, electric, and forced-air heating along with central air conditioning. Its existing layout can accommodate hospitality-oriented concepts such as a brewery, restaurant, or bar, and the space may also be adapted for creative office or workplace use.
Key Highlights
- 10,924‑square‑foot commercial building in downtown Fayetteville
- Originally configured for brewery operations; brewery equipment does not remain
- Walk‑in coolers and finished bar area are in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,778
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,155,560
$3.2M
Cap Rate 7%
$2,253,971
$2.3M
Cap Rate 9%
$1,753,089
$1.8M
Market Conditions
NOI Build-Up for 10,924 SF
Gross rent
$222.8K $20.40/SF
− Vacancy
−$12.5K −$1.14/SF
EGI
$210.4K $19.26/SF
− OpEx
−$52.6K −$4.81/SF
NOI
$157.8K $14.44/SF
Area
Fayetteville, NC
Vacancy
5.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,155,560
Cap Rate 7%
$2,253,971
Cap Rate 9%
$1,753,089
Alternative Uses
Best Use
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,778 @ 7.0% cap · market cap 8.01%
Second Best
Industrial
$1.59M
$1.39M – $1.85M
NOI $111,178 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,583 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,974
Businesses Nearby
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Business Placement
Demographics for 28301, NC
17,670
Population
8,590
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
88%
High-School Grad
12.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$36,955
Median Household Income
$28,350
Median Earnings
$926
Median Rent
$109,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Brewery - Downtown commercial space features brewery-oriented infrastructure, walk-in coolers, and a finished bar area within an adaptable open layout.
Where is this brewery located?
The property is located at 123 Hay Street Fayetteville, NC.
What is the asking price?
The asking price for this property is $1,969,900.
What are key features of this property?
This property features: 10,924‑square‑foot commercial building in downtown Fayetteville; Originally configured for brewery operations; brewery equipment does not remain; Walk‑in coolers and finished bar area are in place
