118 Hay StFayetteville, NC 28301

Property Details for 118 Hay St

Year built

1925

Lot size

0.05 AC

Property size (Sq ft)

1,469 SF

Zone code

DT

Property type

Retail properties

Property subtype

Retail space

APN

0437-64-2218

APU

437642218

Description

This exceptional 1,469 square foot commercial space, located on Hay Street in the heart of historic downtown Fayetteville, presents a unique opportunity for a single-tenant barber shop or salon. The property benefits from its position within a vibrant and bustling urban environment, surrounded by iconic landmarks and attracting significant foot traffic from both locals and visitors. This high-visibility location ensures maximum exposure for any business operating within the space. The interior is designed to be sleek and stylish, providing a professional and inviting atmosphere for clients. The space is ready for immediate occupancy and offers the perfect blend of heritage charm and modern amenities. Ideal for established businesses seeking expansion or aspiring entrepreneurs looking to establish a presence in a thriving downtown area. The property's strategic location on Hay Street offers unparalleled access to the cultural, commercial, and community aspects of Fayetteville's dynamic downtown district. This is a chance to secure a prominent location in a thriving area, maximizing potential for growth and success. The space is ready for immediate use and is perfectly suited for a salon or barber shop operation. Don't miss this chance to establish your business in a prime downtown Fayetteville location.

• CAP approach

  CAP return

  Valuation

  6%

  $533,194

  6.5%

  $492,179

  7%

  $457,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $953,278

  Geo Method

  $849,730

• Alternative Use

  Use

  Valuation

  Residential

  $415,171

  Hospitality

  $380,294

  Educational

  $316,401

  Medical

  $327,282

  Retail

  $492,179

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0531

Longitude

-78.879

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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