228-230 Winslow St 7,415 SF 25% Leased Office Building Fayetteville, NC 28301 $1,700,387 CAD ($229.32 CAD/SF) 5.65% Cap Rate

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!