581 Executive Pl Fayetteville, NC 28305-5702

Property Details for 581 Executive Pl

Year built

1989

Lot size

0.62 lot acres

Property size

4,346 SF

Zone code

LC-LIMITED COMMERCIAL

Property type

Office Properties & Spaces

APN

0427-23-8076-104

APU

427238076104

Description

This exceptional 2,413 sq ft Class B office condo, located at 581 Executive Place (Unit C) in Fayetteville, NC, presents a unique investment opportunity. Completely renovated in 2024, this vacant property boasts a desirable location in the North Fayetteville submarket, known for its low 2.4% vacancy rate and strong rental growth (2.1% increase in the past year, currently averaging $19.20/SF). The three-story building, constructed in 1989 and situated on a 0.62-acre lot (APN: 0427-23-8076-103), offers a versatile layout. The first floor comprises 990 sq ft, including a waiting room, reception area, restrooms, storage, and two private offices. The second floor mirrors this with 994 sq ft, featuring a conference room, restroom, storage, and three private offices. A 429 sq ft open workspace occupies the third floor. A convenient handicap ramp/deck is located at the rear. The property benefits from its proximity to Highland Shopping Center and Tallywood Shopping Center, and is conveniently located one mile from the All-American Expressway on-ramp. This turnkey property is priced at $361,950 ($150/sq ft) and is zoned LC. Floor plans are available upon request.