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    Property profile & analytics
    OFF-MARKET
    Retail space

    311 Hay St, Fayetteville, NC 28301-5535

    1,578 SF Built 2007
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-4241109
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2007
    Total area 1,578 SF
    Zoning code DT1 - DOWNTOWN AREA 1
    APN 0437-54-3472-106
    UPID US53-4241109
    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
    • Michael Rayburn SEO Marketing & Advertising
    • The Cave Halotherapy & Spa Fayetteville Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Alfaren LLC · 1 yrs held
    Alfaren LLC
    since 2025
    Last sale
    $240,000
    1 recorded transaction
    2025
    $240,000
    Zoning & alternative use
    DT1 - DOWNTOWN AREA 1 · Fayetteville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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