Mixed Use Redevelopment Opportunity Downtown

The property is located in historic downtown Fayetteville at the intersection of Hay St and Ray Ave. The new Segra baseball stadium is within a block from the property and numerous other restaurants, retail, Fayetteville City Hall, and other businesses are all within walking distance from the property. The downtown Fayetteville submarket is centrally located within the Fayetteville MSA making is easily accessible to the region and having a 10-15 minute drive from Fort Bragg. Within a three-mile radius of the property there are 39,171 residents with an average household income of $64,215.Unique opportunity to purchase nearly 70,000 SF in Downtown Fayetteville. The historic Huske Buildings located at 405-421 Hay St are available for sale for $4,650,000. The property consist of three parcels totaling 1.98 acres zoned DT1 and a large parking lot to the rear. Building 405 is a 41,950 SF four-story building with the 19,000+ SF restaurant and brewery space currently available for lease for $15,000 per month. The restaurant is fully equipped with the use of the FF&E included in the rental rate. Building 417 is a 27,373 SF five-story building with a 2,778 SF space available for lease and a popular hair salon on the ground floor. Floors two through five could be built out as apartments to make this a very unique redevelopment project in the heart of historic downtown Fayetteville just steps away from the Segra Stadium, Prince Charles, and much more.***Property tours will only be scheduled after approved tenant financials and substantial progress in negotiating lease terms. Tenant must have a proven track record of operating a successful restaurant.*** With over 19,000 square feet spanning two floors, including a mezzanine level, this beautiful space is a standout restaurant opportunity. The restaurant features a large bar, two levels of seating, covered outdoor seating, an enclosed brewing area, and an event hall space with a separate bar. The large private parking lot adds exceptional value, especially for a downtown business. Additionally, the lease includes some kitchen equipment, tables/chairs, and brewing equipment, making it an enticing prospect for aspiring restaurateurs. As the space is currently occupied, a notice period of 30-60 days for vacation will be required. This unique offering is a rare find in downtown Fayetteville.