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365 Fayette Pl, Fayetteville, GA 30214
0 Beds
0 Baths
n/a sqft

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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.
  • Price:
  • $5,000,000
  • Acreage:
  • 7.52
  • Listing ID #:
  • 8740602
  • Street Address:
  • 365 Fayette Pl
  • City:
  • Fayetteville
  • State:
  • Georgia
  • Postal Code:
  • 30214
  • County:
  • Fayette
  • Community:
  • Faye
  • Listing Status:
  • Active
  • Construction Status:
  • Resale
  • Square Footage Source:
  • Public Record
  • Business Type:
  • Other (see Remarks)
  • Documents On Hand:
  • Copy Of Lease, Site Plan, Plot Plan/Survey
  • Conforms To Zoning:
  • C-2
  • Lot Size:
  • 5-10 Acres
  • Lot Size Source:
  • Owner/Seller
  • Days On Market:
  • 42
  • For Sale Or Lease?:
  • For Sale
  • Included In Sale:
  • Building & Land
  • Complex Name:
  • Fayette Place
  • Location Description:
  • Corner Lot, Inside City Limits, Shopping Center
  • Price Per Square Foot:
  • 73.05
  • Property Taxes:
  • $41,767
  • Tax Year:
  • 2019
  • Heating:
  • Central
  • Heating Fuel:
  • Electric, Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By: RE/MAX Legacy
  • GAMLS

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