Great Opportunity to lease in a Historic Building located in historic downtown Fayetteville, NC with newly renovated apartments next door, across the street from City Hall, and adjacent to the home of the Fayetteville Woodpeckers Baseball Stadium. This property was built in 1937 as a Sears Department store and has been renovated into flexible office space. This newly developed mixed use property is next to the lot that includes condominiums and town homes developed by the same entity as the Durham Bulls project. The new Performing Arts Center is being developed right around the corner from this property. This is the perfect location for further redevelopment opportunities with many restaurants and shops within walking distance. The airport is 10 minutes driving distance and the train station is within walking distance from Maiden Lane. City Festival Park and Plaza adjoin the property making this location the epicenter of city events and festivals. It is also located in a HUB zone, opportunity zone, and a downtown historical district with associate tax credits available for redevelopment. The baseball stadium patio foot traffic averages 3,700 per event with over 180 events to include 75 professional baseball games yearly; this figures do not include college games and ongoing business traffic!
**Update on the Baseball Stadium (Located Adjacent to the Property):
**Plaza Foot Traffic Averages 3,700 per Event. Over 180 Events to Include 75 Professional Baseball Games Yearly. Does not Include College Games and Ongoing Business Traffic!
https://www.fayobserver.com/sports/20191003/fayettevilles-segra-stadium-named-ballpark-of-decade-by-ballpark-digest
https://www.fayobserver.com/photogallery/NC/20190406/NEWS/405009983/PH/1 - The Property is the blue/grey building adjacent to the construction site.
http://www.fayobserver.com/photogallery/NC/20180727/NEWS/718009979/PH/1 - **The property is the blue/grey building adjacent to the construction site.
http://www.fayobserver.com/news/20180718/fayetteville-ballpark-lands-big-south-tournament
Property: 421 Maiden Lane, Fayetteville NC 28301. Cumberland County Tax Records PIN 0437-54-1813.
Description: Three story 93,000 SF concrete building primarily flex space. Currently configured as multi-purpose datacenter, rental auditorium, office and retail space. Owner is currently and deliberately the only tenant to lend maximum flexibility to the new owner.
Parking: Large Property size allows for a portion of the property to be converted into a parking deck. Multi-level parking deck could be constructed on existing ground level parking lot and connected to the main building. Could accommodate new baseball stadium and surrounding development. Separate Third party financing may be available for parking deck construction.
