Two-Story Restaurant with Brewing
405 Hay St, Fayetteville, NC 28301
For Sale
Contact for pricing
Restaurant and brewing setup with two levels of seating, covered outdoor space, and included equipment plus dedicated parking.
Property Size41,950 SF
Price / SF$0.79
Days on Market143
Property Features for 405 Hay St
General Information
Standard status
Size
Property subtype
Lease Term
Building Details
Building Size
Year Built
Stories
Properties For Sale
at 405 Hay St
405-411 Hay St
Size
19,620 SF
Type
Restaurant
Term
60 - 120 months
Listing Agency:
Grant-Murray Real Estate, LLC
Listed By:
Patrick Murray, CCIM, SIOR · License NC #231098
(910) 861-0449
Source:
Grantmurrayre
Added: Jun 25
Changed: Nov 5
Last Checked: Nov 12 at 6:56AM
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, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story restaurant property offers over 19,000 square feet of space, including a mezzanine level. The layout is designed for both daily dining and events, with a large bar and two levels of seating. Outdoor seating is covered, and there is an enclosed brewing area built into the concept. An additional event hall space includes its own separate bar, supporting group gatherings and private functions.
Located at 405 Hay St in Fayetteville, the offering includes a large private parking lot, an important convenience for a downtown operation. The property is presented as a cohesive restaurant and brewing facility rather than a bare shell.
For operators looking to run a full-service restaurant with an in-house brewing component, the configuration supports bar service, indoor dining across multiple levels, and event hosting through the separate event hall and dedicated bar. The sale also includes some kitchen equipment, tables/chairs, and brewing equipment, which may reduce start-up time for an incoming concept. This is a turnkey-style opportunity for a restaurateur or brewery operator seeking a substantial, functionally arranged downtown space.
Located at 405 Hay St in Fayetteville, the offering includes a large private parking lot, an important convenience for a downtown operation. The property is presented as a cohesive restaurant and brewing facility rather than a bare shell.
For operators looking to run a full-service restaurant with an in-house brewing component, the configuration supports bar service, indoor dining across multiple levels, and event hosting through the separate event hall and dedicated bar. The sale also includes some kitchen equipment, tables/chairs, and brewing equipment, which may reduce start-up time for an incoming concept. This is a turnkey-style opportunity for a restaurateur or brewery operator seeking a substantial, functionally arranged downtown space.
Key Highlights
- Over 19,000 SF spanning two floors with an additional mezzanine level
- Restaurant layout includes a large bar and two levels of seating
- Includes covered outdoor seating and an enclosed brewing area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,371
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,867,420
$3.9M
Cap Rate 7%
$2,762,443
$2.8M
Cap Rate 9%
$2,148,567
$2.1M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$296.4K $15.60/SF
− Vacancy
−$20.2K −$1.06/SF
EGI
$276.2K $14.54/SF
− OpEx
−$82.9K −$4.36/SF
NOI
$193.4K $10.18/SF
Area
Fayetteville, NC
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,867,420
Cap Rate 7%
$2,762,443
Cap Rate 9%
$2,148,567
Alternative Uses
Best Use
Specialty Retail
$3.92M
$3.43M – $4.57M
NOI $274,421 @ 7.0% cap
Second Best
Industrial
$2.76M
$2.42M – $3.22M
NOI $193,371 @ 7.0% cap
Theoretical Best
Office A
$4.16M
$3.64M – $4.86M
NOI $291,475 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,013
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant and brewing setup with two levels of seating, covered outdoor space, and included equipment plus dedicated parking.
Where is this conventional restaurant located?
The property is located at 405 Hay St Fayetteville, NC.
What are key features of this property?
This property features: Over 19,000 SF spanning two floors with an additional mezzanine level; Restaurant layout includes a large bar and two levels of seating; Includes covered outdoor seating and an enclosed brewing area
