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228-230 Winslow St
Fayetteville, NC 28301
Office Property For Sale


Investment Highlights
- Income Producing 2 Building Property Downtown Fayetteville
- Centralized Location In Downtown Fayetteville NC
- National Tenant Professional Lease Pure NNN With Fixed Increases
- Renovated & Improved Assets With Major Renovations 2016 & 2020
Executive Summary
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!
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!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
7,415 SF
Building Class
B
Year Built/Renovated
1953/2016
Price
$1,250,000
Price Per SF
$168.58
Cap Rate
5.65%
NOI
$70,680
Percent Leased
25%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,415 SF
Building FAR
0.29
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
DT2 - Fayetteville NC Downtown 2 Zoning Classification
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Security System
- Signage
- Reception
- Storage Space
- Central Heating
- Demised WC facilities
- Natural Light
- Open-Plan
- Partitioned Offices
- Hardwood Floors
- Outdoor Seating
- Air Conditioning
Property Taxes
| Parcel Number | 0437-33-7951 | Improvements Assessment | $386,366 |
| Land Assessment | $85,717 | Total Assessment | $472,083 |
Property Taxes
Parcel Number
0437-33-7951
Land Assessment
$85,717
Improvements Assessment
$386,366
Total Assessment
$472,083
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