228-230 Winslow St - Loft/Creative Space FOR SALE


Fayetteville, NC 28301- Downtown Fayetteville
$1,250,000 USD
910-584-5505
228-230 Winslow St, Fayetteville, NC for Sale
$1,250,000 USD
Loft/Creative Space - FOR SALE
1/21
null | 1.94% Cap Rate

228-230 Winslow St
Fayetteville, NC 28301
Downtown Fayetteville


HIGHLIGHTS

  • Income Producing 2 Building Property Downtown Fayetteville
  • National Tenant Professional Lease Pure NNN With Fixed Increases
  • Centralized Location In Downtown Fayetteville NC
  • Renovated & Improved Assets With Major Renovations 2016 & 2020

OVERVIEW

Located in downtown Fayetteville, NC, this location features convenient access to surrounding businesses and amenities in the Central Business District. The property is zoned DT-2, under the City of Fayetteville’s Unified Development Ordinance, allowing for a variety of uses. Built in 1953, the 228 building was renovated in 2020 and the 230 Winslow Street building underwent renovations in 2017. This 2,364 sq ft, 1-story building, has frontage on Winslow Street and features a large open multi-purpose space, a conference room, a common area, 2 private offices, a break area including a bathroom and closet, shared office space at the rear of the building, and shared access to a fenced in courtyard located between 228 and 230 Winslow Street. This income producing investment property features renovated office areas, a large warehouse area, front & rear parking, and a shared botanical courtyard in the center. The 228 Winslow Street building office area is currently leased to Edward Jones Investments with a term through June of 2030. The lease agreement is an absolute NNN lease with a fixed increase schedule. The 230 Office area and the 228 warehouse area are currently vacant. The location would be great for a value add investor looking to lease the remainder of the space or a owner user that does not need all the office space areas. Contact today for more information or to schedule a showing!

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

1.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Warehouse, Medical, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

DT2

APN/PARCEL ID

0437-33-7951

ASK ABOUT THIS PROPERTY

Henry TysonTyson Commercial Real EstateMore Info
910-584-5505

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Henry TysonTyson Commercial Real EstateMore Info
910-584-5505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.