311 Hay St Fayetteville, NC 28301
- Retail space
- 1,578 SF
Current Use by Public Records
- Michael Rayburn SEO / Internet Marketing Service / Marketing Agency
- The Cave Halotherapy & Spa Fayetteville / Spa
Property Details for 311 Hay St
- Year built
- 2007
- Property size
- 1,578 SF
- Zone code
- DT1 - DOWNTOWN AREA 1
- Property type
- Retail space
- APN
- 0437-54-3472-106
- APU
- 437543472106
Description
This exceptional 259,000 USD commercial condominium is situated on a high-visibility corner in the vibrant heart of downtown Fayetteville, North Carolina. The unit boasts an abundance of glass, maximizing natural light and providing excellent street presence. Its prime location ensures significant foot and vehicular traffic, benefiting from the bustling activity of the downtown area. The property is ideal for a savvy investor seeking a strong return or an end-user looking for a prominent space to establish their business. The surrounding area is experiencing significant revitalization, with key developments such as Segra Stadium and the planned Art Center contributing to increased foot traffic and economic growth. These ongoing improvements to the downtown streetscape further enhance the property's value and potential. The unit's strategic location offers easy access to a wide range of businesses and amenities, making it an attractive proposition for a diverse range of commercial ventures. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly developing downtown core. The property is a retail space, though the exact square footage is not currently available. The lot size is 0 acres.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $225,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $260,000
- Retail
- $240,000
- Mixed-Use
- $215,000
- Hospitality
- $250,000
- Educational
- $225,000
- Residential Income
- $210,000
- Energy
- $260,000
- Income-Based Land
- $215,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.8819
- Latitude
- 35.0536
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
