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    365 Fayette Pl

    Fayetteville, GA 30214
    • $5,000,000
    • STATUS: Pending
    • ON SITE: 101 days
    • MLS #: 8909732
    Pending
    UPDATED: 35 min ago
    $5,000,000
    • 0
      BEDS
    • 7.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 68,450
      SQFT
    • $73
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Well established Fayette Place Shopping Center, along with several surrounding properties, is now available as a package sale. Please see attached documents (or contact agent) for full details. The shopping center itself consists of four separate buildings with more than 40,000 SF of retail/restaurant/office space on several acres. Also included are buildings fronting GA Hwy 85 and East Georgia Avenue. Total square footage of all nine structures is approximately 70,996 with approximately 68,450 SF being finished and heated (the difference being a storage warehouse). Total land size is approximately 7.52 acres. This property is located on busy Hwy 85 between Georgia Avenue, Hood Avenue and Church Street and is part of the City of Fayetteville Tax Allocation District (TAD). Current rents are below market, allowing for increases by the new owner or possible redevelopment that might take advantage of the large amount of road frontage created by the city's recent road realignment project. Current tenants include La Hacienda (which is being reopened under new management), HJ Wings & Things, CBD Superstore, Huddleston's Florist, Georgia Potato Factory (new & opening soon), K & H Alterations & Cleaners, Hack Shack and Classic Consigner. Current occupancy is 100%. Cap rate 7.11%. Contact agent for more information. Agent is related to seller of most parcels and is co-owner of one parcel. Parcels included are: 0530 008, 0530 139, 0530 014, 0530 012, 0530 013 and 0530 039.

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    © 2021 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than RE/MAX One Stop are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or RE/MAX One Stop. Data last updated: 2021-04-19T07:50:28.137.
    www.onestopmax.com/homes/113089038
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    365 Fayette Pl Fayetteville, GA 30214

    • Price: $5,000,000
    • Status: Pending
    • Updated: 35 min ago
    • MLS #: 8909732
    0
    Beds
    0
    Baths
    0
    ½ Baths
    7.52
    Acres
    68,450
    SQFT
    $73
    $/SQFT
    Neighborhood:
    FAYETTE
    County:
    Fayette
    Area:
    FAYETTE
    Property Description
    Well established Fayette Place Shopping Center, along with several surrounding properties, is now available as a package sale. Please see attached documents (or contact agent) for full details. The shopping center itself consists of four separate buildings with more than 40,000 SF of retail/restaurant/office space on several acres. Also included are buildings fronting GA Hwy 85 and East Georgia Avenue. Total square footage of all nine structures is approximately 70,996 with approximately 68,450 SF being finished and heated (the difference being a storage warehouse). Total land size is approximately 7.52 acres. This property is located on busy Hwy 85 between Georgia Avenue, Hood Avenue and Church Street and is part of the City of Fayetteville Tax Allocation District (TAD). Current rents are below market, allowing for increases by the new owner or possible redevelopment that might take advantage of the large amount of road frontage created by the city's recent road realignment project. Current tenants include La Hacienda (which is being reopened under new management), HJ Wings & Things, CBD Superstore, Huddleston's Florist, Georgia Potato Factory (new & opening soon), K & H Alterations & Cleaners, Hack Shack and Classic Consigner. Current occupancy is 100%. Cap rate 7.11%. Contact agent for more information. Agent is related to seller of most parcels and is co-owner of one parcel. Parcels included are: 0530 008, 0530 139, 0530 014, 0530 012, 0530 013 and 0530 039.
    Exterior Features

    Construction Status Resale Feature Name Fayette Place Shopping Center And Other Adjacent Properties. Frontage Type County/City RoadPavementState Highway Location Corner LotInside City LimitsShopping Center Lot Size 5-10 Acres Parking Paved Lot Total Parking 300

    Interior Features

    Cooling Central A/C Energy Related None Heating Source ElectricGas Heating Type Central Square Footage Range 50000-100000

    Property Features

    Acreage Source Owner/Seller Business Type Other (See Remarks) Complex Name Fayette Place Current Zoning C-2 Date Of Possession Negotiable Documents Copy Of LeaseSite PlanPlot Plan/Survey Possible Financing CashConventional Sale Includes Building &Amp; Land Sale Or Rent For Sale Special Conditions Agent/Seller Relationship Sq Ft Source Public Record Tax Year 2019 Taxes 41767.21 Total Buildings 9 Utilities Available ElectricityNatural GasSewer AvailableTelephoneWater

    Listing provided courtesy of Re/Max Legacy. © 2021 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


    © 2021 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than RE/MAX One Stop are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or RE/MAX One Stop. Data last updated: 2021-04-19T07:50:28.137.
     
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