For Sale Auction Sale
Property Type Retail - Street Retail
Property Size 93,000 SF
Lot Size 1.62 Acre
Parking Spaces Avail. 35
Property Tenancy Single Tenant
Date Updated Feb 14, 2024

420 Hay Street & 421 Maiden Lane±93,000 SF mixed-use retail/office/data-flex/entertainment property located in Fayetteville, NC Fayetteville is home to Fort Liberty (formerly Fort Bragg), one of the world's largest military bases by population, housing over 52,000 military personnel Subject property sits adjacent to Segra Stadium, a 4,600-seat baseball and entertainment park Property also adjoins "The Residences at the Prince Charles," Fayetteville's premier luxury apartment complex Current In-Place NOI = ±$220,000 (24% occupancy) Stabilized NOI = >$1,320,000 (82%-100% occupancy) Perfect for multifamily redevelopment or leasing as a dynamic mixed-use investment property Situated within a DT1 zoning district and an opportunity zone, offering flexibility in usage and significant tax advantages Fayetteville boasts a population of approximately 95,000 within a 5-mile radius and ±270,000 within a 10-mile radius

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Attachments

Retail | Office Sale Flyer (PDF) opens in new window

Highlights

±93,000 SF mixed-use retail/office/data-flex/entertainment property located in Fayetteville, NC
Fayetteville is home to Fort Liberty (formerly Fort Bragg), one of the world's largest military bases by population, housing over 52,000 military personnel
Subject property sits adjacent to Segra Stadium, a 4,600-seat baseball and entertainment park
Property also adjoins "The Residences at the Prince Charles," Fayetteville's premier luxury apartment complex
Current In-Place NOI = ±$220,000 (24% occupancy)
Stabilized NOI = >$1,320,000 (82%-100% occupancy)
Perfect for multifamily redevelopment or leasing as a dynamic mixed-use investment property
Situated within a DT1 zoning district and an opportunity zone, offering flexibility in usage and significant tax advantages
Fayetteville boasts a population of approximately 95,000 within a 5-mile radius and ±270,000 within a 10-mile radius

Contacts

Steven Silverman

Friedman Real Estate

(248) 324-2000

Location

Getting Around

Walk Score ®
72/100 Very Walkable
Bike Score ®
56/100 Bikeable

City Fayetteville, NC
Neighborhood Downtown Fayetteville
Zip Code 28301

Points of Interest

Fayetteville

0.12 miles

Family Fare

0.71 miles
Speedway

0.85 miles
Haymount Exxon

0.97 miles
Speedway

1.13 miles
BP

1.32 miles
Exxon

2.18 miles
BP

2.47 miles
Exxon

2.55 miles
Exxon

2.57 miles
Speedway

2.78 miles

Parking Deck

0.20 miles
Sandhills Access Parking

8.01 miles

Antonella's Ristorante

0.12 miles
Subway

0.12 miles
Pierros Bistro

0.17 miles
Latitude 35 Bar and Grill

0.97 miles
Mi Casita

1.00 miles
Sandpiper Seafood Buffet

1.05 miles
Saigon Bistro

1.16 miles
Taco Bell

1.19 miles
China Garden

1.23 miles
NY Supreme Steamers

1.25 miles

Family Fare

0.26 miles
Food Lion

1.17 miles
Harris Teeter

2.34 miles
IGA

2.40 miles
Publix

2.81 miles
Food Lion

3.51 miles
Food Lion

3.73 miles
Walmart Supercenter

3.79 miles
Food Lion

3.94 miles
Boone Trail Thrift Mart

3.96 miles

Frequently Asked Questions

What is the total square footage of 420 Hay St / 421 Maiden Ln?

420 Hay St / 421 Maiden Ln totals 93,000 square feet.

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