420 Maiden Ln Fayetteville, NC 28301
- Retail properties
- 93,000 SF
- 1.62 lot acres
Current Use by Public Records
- Retail properties
Property Details for 420 Maiden Ln
- Lot size
- 1.62 lot acres
- Property size
- 93,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 93,000 square foot mixed-use property in Fayetteville, North Carolina, presents a compelling investment opportunity. Located on a 1.62-acre lot (APN 0437-54-1813) at 420 Hay St / 421 Maiden Ln (zip code 28301), this asset offers a blend of retail, office, and multifamily potential. Currently operating with a Net Operating Income (NOI) of approximately $220,000 at 24% occupancy, the property boasts a projected stabilized NOI exceeding $1,320,000 at 82-100% occupancy. Its prime location adjacent to Segra Stadium, a 4,600-seat entertainment venue, and "The Residences at the Prince Charles," a luxury apartment complex, ensures high visibility and strong tenant demand. The property benefits from its position within a DT1 zoning district and an Opportunity Zone, providing flexibility for redevelopment and significant tax advantages. Fayetteville's robust economy, fueled by the presence of Fort Liberty (formerly Fort Bragg), one of the world's largest military bases, with over 52,000 personnel, offers a substantial and stable population base. With approximately 95,000 residents within a 5-mile radius and 270,000 within 10 miles, this property is ideally positioned for significant growth and return on investment. This auction sale presents a unique chance to acquire a high-potential mixed-use asset in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.8828
- Latitude
- 35.0541
