Historic Mixed-Use
For Sale
$1,599,000
159 Maxwell Street, Fayetteville, NC 28301
CommercialSale, Fayetteville, NC
Property Size10,400 SF
Lot Size0.29 Acres
Price / SF$153.75
Days on Market92
Property Features for 159 Maxwell Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
DT - Downtown
Parking
11
Parking features
Off Street
Security features
Security
Subdivision
DOWNTOWN
Lot features
Quarter To Half Acre Lot, Level
Standard status
Active
APN
0437-53-4783
Size
10,400 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
0.29 AC CULBRETH WAREHOUSE PROP
Legal Description
0.29 AC CULBRETH WAREHOUSE PROP
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1900
Building materials
BrickVeneer
Listing Agency:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 864-2626
Listed By:
FRANKLIN JOHNSON · License #146789
(910) 818-8400
Added: Jul 21
Changed: Oct 17
Last Checked: Oct 20 at 11:06PM
MLS# 765946
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 10,400-square-foot mixed-use building includes 7,190 square feet of office area arranged across two levels, along with two apartment units—one occupied and one vacant. Originally constructed in 1900, the property underwent renovation in 2014 and retains brick exterior elements, original floors, exposed beams, and ceiling details. It is listed on the Historic Registry.
The property occupies 0.29 acres at the intersection of Maxwell and W. Russel Street and provides 11 off-street parking spaces. DT zoning places the building within the downtown district. Restaurants, retail, breweries, City Hall, Segra Stadium, and Highsmith Rainey Hospital are described as walkable destinations, while Fayetteville Regional Airport is approximately 5 miles away. The office portion is occupied through the end of August.
The property occupies 0.29 acres at the intersection of Maxwell and W. Russel Street and provides 11 off-street parking spaces. DT zoning places the building within the downtown district. Restaurants, retail, breweries, City Hall, Segra Stadium, and Highsmith Rainey Hospital are described as walkable destinations, while Fayetteville Regional Airport is approximately 5 miles away. The office portion is occupied through the end of August.
Key Highlights
- 10,400 SF mixed‑use building on 0.29 acres
- 7,190 SF of office space: 5,000 SF downstairs and 2,190 SF upstairs
- Two apartment units; one currently rented and one vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,137
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,542,740
$2.5M
Cap Rate 7%
$1,816,243
$1.8M
Cap Rate 9%
$1,412,633
$1.4M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$212.2K $20.40/SF
− Vacancy
−$42.6K −$4.10/SF
EGI
$169.5K $16.30/SF
− OpEx
−$42.4K −$4.07/SF
NOI
$127.1K $12.22/SF
Area
Fayetteville, NC
Vacancy
20.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,542,740
Cap Rate 7%
$1,816,243
Cap Rate 9%
$1,412,633
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,137 @ 7.0% cap · market cap 7.95%
Second Best
Mixed Use
$1.77M
$1.54M – $2.06M
NOI $123,552 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,544 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,874
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated downtown property combines office accommodations with two apartment units and off-street parking.
Where is this mixed-use property located?
The property is located at 159 Maxwell Street Fayetteville, NC.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 10,400 SF mixed‑use building on 0.29 acres; 7,190 SF of office space: 5,000 SF downstairs and 2,190 SF upstairs; Two apartment units; one currently rented and one vacant
