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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

229 Hay St Fayetteville, NC 28301

Property ID
Property summary
AI-generated overview

This exceptional commercial property at 229 Hay Street in Fayetteville, North Carolina, presents a unique opportunity for businesses seeking a vibrant downtown location. The single-tenant space, zoned DT (Downtown), offers a flexible layout ranging from approximately 1,197 to 2,000 square feet. The property features a spacious open area ideal for retail or office use, complemented by a private office, a convenient breakroom, and ample storage. Its charming industrial aesthetic is a captivating feature. Previously occupied by Lumbee Guaranty Bank, this highly visible storefront benefits from significant foot traffic and exposure, situated on the corner of Hay and Maxwell Streets. The property's prime location places it in the heart of downtown Fayetteville, adjacent to the Fayetteville ~ Cumberland Arts Council, Breakfast with Tiffany's, The Cameo Theatre, and Pierro's Italian Bistro, and across from Antonella's Restaurant. This central location offers easy access to numerous downtown amenities and is approximately 4.5 miles from Fayetteville Airport. The property's APN is 0437-54-6258, and it's located in Cumberland County, NC, zip code 28301. This is an unparalleled opportunity to establish your business in a thriving downtown environment.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kress OpenSpace Hotel & Motel Resort
  • Kress Open Space, LLC Restaurant
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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