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421 Maiden Lane

421 Maiden Lane, Fayetteville, NC 28301

  • For Sale $4,800,000
  • City Fayetteville
  • Neighborhood Downtown Fayetteville
  • Zip Code 28301
  • Market Charlotte
  • Property Type Office - Office Building
  • Property Size 93,000 Sqft
  • Lot Size 1.67 Acre
  • Parking Spaces Avail. 60
  • Parking Ratio 0.65/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1937
  • Year Renovated 2002
  • Date Updated 03 Oct, 2019
  • Construction Type Masonry

This property is ideal for a 1031 Exchange or Opportunity Zone Investment and Redevelopment.

 

Located in historic downtown Fayetteville, NC with hotel next door and across the street from City Hall.  Adjacent to the future site of Houston Astros downtown Minor League Baseball Stadium to open April 2019.  Newly developed mixed use property adjacent to lot that includes condominiums and town homes by the same entity that developed the Durham Bulls project.  Perfect location for redevelopment opportunity.  There are also many restaurants and shops within walking distance.  Airport is 10 minutes driving distance.  Train station is within walking distance.  City Festival Park and Plaza also adjoins the property.  This location is at the epicenter of city events and festivals.  It is also located in a HUB zone and a downtown historical district.  

 

**Update on the Baseball Stadium (Located Adjacent to the Property):  

**Plaza Foot Traffic Averages 3,700 per Event. Over 180 Events to Include 75 Professional Baseball Games Yearly. Does not Include College Games and Ongoing Business Traffic!

 

https://www.fayobserver.com/sports/20191003/fayettevilles-segra-stadium-named-ballpark-of-decade-by-ballpark-digest 

https://www.fayobserver.com/photogallery/NC/20190406/NEWS/405009983/PH/1 - The Property is the blue/grey building adjacent to the construction site.

http://www.fayobserver.com/photogallery/NC/20180727/NEWS/718009979/PH/1   - **The property is the blue/grey building adjacent to the construction site.

http://www.fayobserver.com/news/20180718/fayetteville-ballpark-lands-big-south-tournament

 

Property: 421 Maiden Lane, Fayetteville NC 28301. Cumberland County Tax Records PIN 0437-54-1813.

 

Description: Three story 93,000 SF concrete building primarily flex space. Currently configured as  multi-purpose datacenter, rental auditorium, office and retail space. Owner is currently and deliberately the only tenant to lend maximum flexibility to the new owner. 

 

Parking: Large Property size allows for a portion of the property to be converted into a parking deck. Multi-level parking deck could be constructed on existing ground level parking lot and connected to the main building. Could accommodate new baseball stadium and surrounding development. Separate Third party financing may be available for parking deck construction.

 

Located in historic downtown Fayetteville, NC with hotel next door and across the street from City Hall.  Adjacent to the future site of Houston Astros downtown Minor League Baseball Stadium to open April 2019.  Newly developed mixed use property adjacent to lot that includes condominiums and town homes by the same entity that developed the Durham Bulls project.  Perfect location for redevelopment opportunity.  There are also many restaurants and shops within walking distance.  Airport is 10 minutes driving distance.  Train station is within walking distance.  City Festival Park and Plaza also adjoins the property.  This location is at the epicenter of city events and festivals.  It is also located in a HUB zone and a downtown historical district.  

 

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Location

Contacts

Lisa Briggs

AIT.COM

broker

Clarence Briggs

(910) 273-8300

Highlights

  • Adjacent to the new Segra Stadium in downtown Fayetteville
  • Flexible space can be built out to meet your needs
  • Located in an Opportunity Zone with associated tax credits available for redevelopment
  • Room to add a parking deck on the property
  • Less than one block from a Bus Line/Transit Stop
  • Perfect location for redevelopment opportunity
  • 2 Passenger Elevator

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 421 Maiden Lane?

421 Maiden Lane totals 93,000 square feet.

When was this property built?

421 Maiden Lane was built in 1937.

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