302 Williams St - Flex FOR SALE


Fayetteville, NC 28301- Downtown Fayetteville
$425,000 USD
910-818-3858
302 Williams St, Fayetteville, NC for Sale
$425,000 USD
Flex - FOR SALE
1/18
null | Request Cap Rate

302 Williams St
Fayetteville, NC 28301
Downtown Fayetteville


OVERVIEW

302 Williams Street is a uniquely positioned adaptive-reuse property in Fayetteville, NC, currently operating as a boutique event venue with significant flexibility for event, creative, retail, studio, or mixed-use concepts. The asset includes a finished front venue space, a large open warehouse, and a landscaped outdoor area—making it difficult to replicate at today’s construction costs. The property is being offered as a real estate + optional business/inventory opportunity, allowing buyers to tailor the acquisition to their strategy. Ownership is open to a clean real estate sale, a turnkey venue acquisition, or a hybrid structure. PROPERTY OVERVIEW • Address: 302 Williams Street, Fayetteville, NC • Asset Type: Adaptive-reuse / Warehouse / Event / Creative Space • Zoning: Compatible with event, studio, retail, and mixed-use (buyer to verify specific use) • Building Configuration: • Finished front venue space (~1,500 SF) • Large open warehouse with high ceilings • Roll-up door connecting interior to backyard • Landscaped outdoor event space with lighting • Condition: Renovated, event-ready, excellent functional condition CURRENT USE The property is currently branded and operated as “Whimsy Warehouse on Williams”, a small, intimate wedding and event venue. • Designed for ceremonies, receptions, private events, and styled shoots • Indoor + outdoor flow is a core differentiator • Scalable model: weekday rentals, workshops, pop-ups, micro-events The venue has proven appeal but has not been pushed aggressively with paid marketing, leaving upside for an operator with scale or promotion expertise. OPTIONAL ASSETS (NEGOTIABLE) Buyer may optionally acquire: • Curated inventory of vintage furniture, décor, tables, props, and fixtures • Existing venue brand assets (name, social handles, website if desired) • Operational playbook and vendor relationships These assets allow for immediate turnkey operation, but are not required for purchase. INVESTMENT HIGHLIGHTS • Hard-to-replicate asset – construction + finish costs today would exceed basis • Multiple exit strategies – venue, creative studio, retail showroom, mixed-use • Strong experiential demand – weddings, micro-events, content creation • Lifestyle or operator-friendly – manageable scale, high impact • Flexible deal structure – real estate only or turnkey operation VALUE-ADD OPPORTUNITIES • Expand weekday utilization (corporate events, workshops, classes) • Increase marketing reach (paid social, partnerships, planners) • Add packaged experiences or preferred-vendor upsells • Repurpose warehouse portion for complementary income streams SALE STRUCTURE • Offered: Real Estate Only OR Real Estate + Business Assets • Pricing: Available upon request • Reason for Sale: Strategic reallocation of focus to other operating businesses • Transition: Ownership willing to assist with smooth handoff if turnkey is pursued CONFIDENTIALITY This CIM is confidential and intended solely for qualified buyers. Financials, pricing, and detailed operational data will be shared upon execution of a confidentiality agreement.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

302 Williams Creative Warehouse

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

2

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.35

LAND SF

15,246

ZONING

C3

APN/PARCEL ID

0437-43-2594

ASK ABOUT THIS PROPERTY

Kerry ReevesKerry M & Joy A ReevesMore Info
910-818-3858

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Kerry ReevesKerry M & Joy A ReevesMore Info
910-818-3858

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