Listings

Fayetteville St

414 Fayetteville Street
Raleigh, NC 27601

Submarket: Raleigh

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Overview

414 Fayetteville is a fully leased, 5-story mixed-use building in the heart of downtown Raleigh. Located between Sir Walter Raleigh Apartments the Sheraton Hotel, the building sits on a lot that stretches between Fayetteville and Salisbury Streets, offering the potential for frontage on both streets if redeveloped. Parking lot is in the rear of the building with access from Salisbury Street.

Walkable to the Raleigh Convention Center, Red Hat Amphitheater, and numerous surrounding amenities. Zoning would allow new ownership the opportunity to redevelop the property as a hotel, as Raleigh continues its rapid expansion.

Details

  • Size

    21,945 sq ft

  • Total Available

    21,945 sq ft

  • Sales Rate

    $8,500,000 | CAP RATE: 5.46% | NOI: $463,870

  • Zoning

    DX-40

  • Acreage

    .21 acres

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