Historic Office Building with
159 Maxwell Street Fayetteville, NC 28301
New
159 Maxwell Street, Fayetteville, NC, 28301
$1,650,000
For Sale
$1,650,000
SINGLE_FAMILY - Fayetteville, NC
Property Size10,400 SF
Lot Size0.29 Acres
Price / SF$158.65
Days on Market1
Property Features for 159 Maxwell Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 11
- Parking features
- Off Street
- Security features
- Security
- 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
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 Checked: Jul 21 at 6:06PM
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.
Investment Insights
Based on property information with market context.
A fully renovated office building converted from a 1900 structure, preserving original floors, outer walls, beams, and ceiling elements. The property includes 7,190 SF of office space configured as 5,000 SF on the lower level and 2,190 SF upstairs, plus one apartment that is currently rented and one apartment vacancy. The building is listed on the Historic Registry.
The property is located at the intersection of Maxwell and W. Russell Street in downtown Fayetteville and sits on 0.29 acres. It is zoned DT (downtown district) and provides 11 parking spaces.
For planning and occupancy, the property was occupied until the end of August and includes a mix of office space and residential unit configuration within a single historic building.
The property is located at the intersection of Maxwell and W. Russell Street in downtown Fayetteville and sits on 0.29 acres. It is zoned DT (downtown district) and provides 11 parking spaces.
For planning and occupancy, the property was occupied until the end of August and includes a mix of office space and residential unit configuration within a single historic building.
Key Highlights
- Downtown Fayetteville 10,400 SF building converted into a 7,190 SF office plus 1 apartment
- Built in 1900 and renovated in 2014, preserving original floors, outer wall, beams, and ceiling
- Historic Registry‑listed building with DT (downtown district) zoning
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $212.2k | $20.40 |
| − Vacancy | −$42.6k | −$4.10 |
| EGI | $169.5k | $16.30 |
| − OpEx | −$42.4k | −$4.07 |
| NOI | $127.1k | $12.22 |
10,400 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,137 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,544 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Walker Florez Consulting ...
Business Development Service
Fayetteville On Deck
Sports Field & Court
Ryan Turley
Loan Service
Veterans Lending Group ...
Loan Service
Infinity Auto Insurance
Corporate Office
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FAQs
What type of property is this?
Office building - Fully renovated 1900 building offers 7,190 SF of office space and one apartment, with 11 on-site parking spaces.
Where is this office building located?
The property is located at 159 Maxwell Street Fayetteville, NC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Downtown Fayetteville 10,400 SF building converted into a 7,190 SF office plus 1 apartment; Built in 1900 and renovated in 2014, preserving original floors, outer wall, beams, and ceiling; Historic Registry‑listed building with DT (downtown district) zoning
