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Historic Mixed-Use Buildings
For Sale
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Pending

405-417 Hay St, Fayetteville, NC 28301

Two downtown structures combine restaurant, brewery, salon, parking, and additional space for redevelopment planning.

Property SizeContact for details
Lot Size1.98 Acres
Days on Market143

Property Features for 405-417 Hay St

General Information

Standard status Pending
Lot size 1.98 Acres
Property subtype Retail, Multifamily, Mixed Use, Special Purpose
Zoning DT1

Additional Details

Asking Price $4,650,000

Building Details

Buildings 2
Listing Agency: Grant-Murray Real Estate
Listed By: Patrick Murray, CCIM, SIOR · License #NC 231098
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Sep 1 at 5:21AM

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 Grant-Murray Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property comprises two historic downtown buildings totaling nearly 70,000 SF across three parcels and 1.98 acres. The 41,950 SF, four-story building includes more than 19,000 SF configured for restaurant and brewery operations, with equipment and FF&E included in the lease offering. A second five-story building contains 27,373 SF, including a 2,778 SF available space and a hair salon on the ground floor.

The property is zoned DT1 and includes a large rear parking lot. Its downtown setting places it steps from Segra Stadium and Prince Charles. Floors two through five of the second building could be built out as apartments, creating an additional redevelopment path within the existing structure.

Key Highlights

  • Nearly 70,000 SF across two historic downtown buildings
  • 1.98 acres across three parcels with DT1 zoning
  • 41,950 SF, four‑story building with more than 19,000 SF of restaurant and brewery space

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Storage Facility Bakery Locksmith Dental Office Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,013
Businesses Nearby

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

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two downtown structures combine restaurant, brewery, salon, parking, and additional space for redevelopment planning.
Where is this mixed-use property located?
The property is located at 405-417 Hay St Fayetteville, NC.
What are key features of this property?
This property features: Nearly 70,000 SF across two historic downtown buildings; 1.98 acres across three parcels with DT1 zoning; 41,950 SF, four‑story building with more than 19,000 SF of restaurant and brewery space
More about this property
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