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Six-Unit Flex Space
For Sale
$1,500,000

444-450 W Russell St & 443 Franklin Street, Fayetteville, NC 28301

Two buildings provide a multi-tenant layout within Fayetteville’s downtown DT-2 district.

Property Size24,000 SF
Lot Size0.78 Acres
Price / SF$62.50
Days on Market9

Property Features for 444-450 W Russell St & 443 Franklin Street

General Information

Standard status Active
Size 24,000 SF
Lot size 0.78 Acres
Property subtype Industrial
Zoning DT-2
Occupancy 67%

Additional Details

Tenant in Place Yes
Property Use Industrial/Flex

Building Details

Building Size 24,000 SF
Year Built 1945
Buildings 2
Tenancy Multi
Listing Agency: Grant-Murray Real Estate
Listed By: Vishal Nandwani · License #NC #314170
Source: Grantmurrayre
Added: Oct 23 Changed: Oct 25 Last Checked: Oct 30 at 10:56AM

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

Rey
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Investment Insights

Based on property information with market context.

The property comprises two buildings with a combined area of approximately 24,000 SF on two parcels totaling about 0.78 acres. Six units range from 1,020 SF to 5,320 SF, offering a range of suite sizes. The buildings date to 1945, and occupancy is 66.7%.

Located in downtown Fayetteville, the property is zoned DT-2 and sits minutes from Segra Stadium.

Key Highlights

  • Two buildings totaling approximately 24,000 SF
  • Two parcels comprising approximately 0.78 acres
  • Six units ranging from 1,020 SF to 5,320 SF

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Storage Facility Bakery Locksmith Catering Service (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.

Lease Details

66.7%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,013
Businesses Nearby
Under-served
Demand for This Use

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

Similar Off Market Nearby

  • Copeland's Taste-The Tropics — Fayetteville, NC 28301

Frequently Asked Questions

What type of property is this?
Flex space - Two buildings provide a multi-tenant layout within Fayetteville’s downtown DT-2 district.
Where is this flex space located?
The property is located at 444-450 W Russell St & 443 Franklin Street Fayetteville, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two buildings totaling approximately 24,000 SF; Two parcels comprising approximately 0.78 acres; Six units ranging from 1,020 SF to 5,320 SF
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