311 Hay St, Fayetteville, NC 28301-5535
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DT1 - DOWNTOWN AREA 1 · Fayetteville, NCFayetteville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.