For Sale
Call for price

420 Maiden LnFayetteville, NC 28301

93,000 SF, High-Growth Potential, Auction

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 93,000 square foot mixed-use property in Fayetteville, North Carolina, presents a compelling investment opportunity. Located on a 1.62-acre lot (APN 0437-54-1813) at 420 Hay St / 421 Maiden Ln (zip code 28301), this asset offers a blend of retail, office, and multifamily potential. Currently operating with a Net Operating Income (NOI) of approximately $220,000 at 24% occupancy, the property boasts a projected stabilized NOI exceeding $1,320,000 at 82-100% occupancy. Its prime location adjacent to Segra Stadium, a 4,600-seat entertainment venue, and "The Residences at the Prince Charles," a luxury apartment complex, ensures high visibility and strong tenant demand. The property benefits from its position within a DT1 zoning district and an Opportunity Zone, providing flexibility for redevelopment and significant tax advantages. Fayetteville's robust economy, fueled by the presence of Fort Liberty (formerly Fort Bragg), one of the world's largest military bases, with over 52,000 personnel, offers a substantial and stable population base. With approximately 95,000 residents within a 5-mile radius and 270,000 within 10 miles, this property is ideally positioned for significant growth and return on investment. This auction sale presents a unique chance to acquire a high-potential mixed-use asset in a thriving market.

Highlights

  • ±93,000 SF mixed-use retail/office/data-flex/entertainment property in Fayetteville, NC.
  • High-demand location near Fort Liberty, home to over 52,000 military personnel.
  • Adjacent to Segra Stadium, a 4,600-seat entertainment venue.
  • Located next to The Residences at the Prince Charles, a luxury apartment complex.
  • Current NOI: ±$220,000 (24% occupancy).
  • Stabilized NOI potential: >$1,320,000 (82%-100% occupancy).

Property Details for 420 Maiden Ln

Property type
Retail properties, Office properties
Square Feet
93,000 SF
Lot Size (sq. ft)
70,567 SF

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.054147532302
Longitude
-78.882774089325
420 Maiden Ln, Fayetteville, North Carolina

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420 Maiden Ln
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