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    FOR LEASE
    Super regional malls

    418 Person St, Fayetteville, NC 28301

    16,730 SF 1.5 ac lot Built 1970
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US53-1146860
    Property summary
    AI-generated overview

    This exceptional 11,000-square-foot flex/warehouse space in downtown Fayetteville, NC, presents a unique opportunity. Situated at 418 Person Street, this single-story building offers multiple tenancy options and boasts convenient access from both Person Street and Canal Street, with three entry doors for easy loading and unloading. The property includes a secure, 8-foot fenced parking area with gated access on both sides, providing ample parking for 12 vehicles. The interior features some existing walls, which are modifiable with owner approval, offering flexibility for tenant customization. The property is zoned DT (Downtown) and has an APN of 0437833092. While the interior is offered as-is, the owner will cover roof and exterior wall repairs. A significant incentive is offered: the first month's rent is free! The current tenant vacates in August, with occupancy available September 1st, 2024. This prime location in Cumberland County (zip code 28301) offers excellent visibility and accessibility. Don't miss this chance to secure this versatile industrial space.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1970
    Total area 16,730 SF
    Lot 1.5 ac (65,340 SF)
    Zoning code CC
    APN 0437-83-3092
    UPID US53-1146860
    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
    • New Season Treatment Center – Fayetteville Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.07M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $991k
    Blend (final) Blend
    $995k
    Owner & transaction history
    Kagawa LLC · 3 yrs held
    Kagawa LLC
    since 2022
    Last sale
    $935,000
    1 recorded transaction
    2022
    $935,000
    Zoning & alternative use
    CC · Fayetteville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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