2nd floor retail/office space available 110 person st...

2 N D F LO O R R E TA I L / O F F I C E S PA C E AVA I L A B L E110 Person St , Fayettevi l le , NC 28301for more information PAT R I C K M U R R AY, C C I M , C L S

Principal / Broker in ChargeO: 910.829.1617 x202C: [email protected]

150 N. McPherson Church RdFayetteville, NC 28303

www.grantmurrayre.com

R ETAIL PROPERT Y FOR LEA SE

for more information P AT R I C K M U R R AY, C C I M , C L S


OFFERING SUMMARY

Available SF: 2,659 SF

Lease Rate: $2,700.00 per month(Gross)

Lot Size: 0.18 Acres

Year Built: 1923

Building Size: 11,640

Renovated: 2013

Zoning: DT

Submarket: Downtown

Traffic Count: 5,800

This second floor space is available for rent for $2,700 per month. The space has

its own private entrance on Person St and it is 2,659 square feet. It is currently

unfinished and with a three year minimum lease the landlord will complete

with one restroom and the HVAC system. Great opportunity for many

different uses from a creative office loft to a retail shop.

PROPERTY OVERVIEW

The building is located at 110 Person St in historic downtown Fayetteville just

a short walk to many restaurants, retail boutiques, the county courthouse, and

the new Segra Baseball Stadium. Public parking is available along Person St and

long term rental parking is available in nearby lots. Within a three mile radius

of the building there are 31,087 residents with an average household income of

$58,669. The daytime population within three miles is 48,415.

LOCATION OVERVIEW

2nd Floor Retail/Office Space Available1 1 0 P E R S O N S T, FAY E T T E V I L L E , N C 2 8 3 0 1

E XEC U T IVE SU MMA RY




A D D IT I O NA L PH OTOS




LO CAT I O N MA PS

Executive Summary110 Person St, Fayetteville, North Carolina, 28301 Prepared by Patrick Murray, CCIM, CLSRings: 1, 3, 5 mile radii Latitude: 35.05192

Longitude: -78.87788

1 mile 3 miles 5 milesPopulation

2000 Population 3,755 34,147 88,0762010 Population 3,315 32,601 88,1102020 Population 3,181 31,087 86,6952025 Population 3,238 30,932 86,9982000-2010 Annual Rate -1.24% -0.46% 0.00%2010-2020 Annual Rate -0.40% -0.46% -0.16%2020-2025 Annual Rate 0.36% -0.10% 0.07%2020 Male Population 52.6% 45.9% 46.5%2020 Female Population 47.4% 54.1% 53.5%2020 Median Age 36.8 39.3 37.5

In the identified area, the current year population is 86,695. In 2010, the Census count in the area was 88,110. The rate of change since 2010 was -0.16% annually. The five-year projection for the population in the area is 86,998 representing a change of 0.07% annually from 2020 to 2025. Currently, the population is 46.5% male and 53.5% female.

Median Age

The median age in this area is 36.8, compared to U.S. median age of 38.5.Race and Ethnicity

2020 White Alone 22.6% 40.3% 41.6%2020 Black Alone 70.2% 50.4% 46.2%2020 American Indian/Alaska Native Alone 2.0% 1.9% 1.8%2020 Asian Alone 1.3% 1.9% 2.8%2020 Pacific Islander Alone 0.0% 0.1% 0.2%2020 Other Race 0.8% 1.7% 2.9%2020 Two or More Races 3.1% 3.6% 4.7%2020 Hispanic Origin (Any Race) 3.5% 5.7% 8.7%

Persons of Hispanic origin represent 8.7% of the population in the identified area compared to 18.8% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 67.4 in the identified area, compared to 65.1 for the U.S. as a whole.

Households2020 Wealth Index 30 52 532000 Households 1,473 14,104 35,7882010 Households 1,244 13,862 37,1552020 Total Households 1,210 13,373 36,9612025 Total Households 1,242 13,344 37,2002000-2010 Annual Rate -1.68% -0.17% 0.38%2010-2020 Annual Rate -0.27% -0.35% -0.05%2020-2025 Annual Rate 0.52% -0.04% 0.13%2020 Average Household Size 2.04 2.17 2.27

The household count in this area has changed from 37,155 in 2010 to 36,961 in the current year, a change of -0.05% annually. The five-year projection of households is 37,200, a change of 0.13% annually from the current year total. Average household size is currently 2.27, compared to 2.29 in the year 2010. The number of families in the current year is 21,807 in the specified area.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography.

July 10, 2020

©2020 Esri Page 1 of 2

Executive Summary110 Person St, Fayetteville, North Carolina, 28301 Prepared by Patrick Murray, CCIM, CLSRings: 1, 3, 5 mile radii Latitude: 35.05192

Longitude: -78.87788

1 mile 3 miles 5 milesMortgage Income

2020 Percent of Income for Mortgage 17.1% 18.0% 14.6%Median Household Income

2020 Median Household Income $24,479 $37,836 $40,0062025 Median Household Income $25,601 $39,518 $41,8742020-2025 Annual Rate 0.90% 0.87% 0.92%

Average Household Income

2020 Average Household Income $44,238 $58,669 $59,4722025 Average Household Income $44,925 $62,420 $63,9822020-2025 Annual Rate 0.31% 1.25% 1.47%

Per Capita Income2020 Per Capita Income $16,831 $25,403 $25,4442025 Per Capita Income $17,220 $27,105 $27,4582020-2025 Annual Rate 0.46% 1.31% 1.54%

Households by IncomeCurrent median household income is $40,006 in the area, compared to $62,203 for all U.S. households. Median household income is projected to be $41,874 in five years, compared to $67,325 for all U.S. households

Current average household income is $59,472 in this area, compared to $90,054 for all U.S. households. Average household income is projected to be $63,982 in five years, compared to $99,510 for all U.S. households

Current per capita income is $25,444 in the area, compared to the U.S. per capita income of $34,136. The per capita income is projected to be $27,458 in five years, compared to $37,691 for all U.S. households Housing

2020 Housing Affordability Index 126 119 1482000 Total Housing Units 1,742 15,860 39,433

2000 Owner Occupied Housing Units 467 7,404 20,2392000 Renter Occupied Housing Units 1,005 6,700 15,5482000 Vacant Housing Units 270 1,756 3,646

2010 Total Housing Units 1,556 15,796 41,2742010 Owner Occupied Housing Units 397 6,685 19,1552010 Renter Occupied Housing Units 847 7,177 18,0002010 Vacant Housing Units 312 1,934 4,119



Currently, 36.6% of the 42,951 housing units in the area are owner occupied; 49.4%, renter occupied; and 13.9% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.3% are renter occupied; and 11.3% are vacant. In 2010, there were 41,274 housing units in the area - 46.4% owner occupied, 43.6% renter occupied, and 10.0% vacant. The annual rate of change in housing units since 2010 is 1.79%. Median home value in the area is $139,407, compared to a median home value of $235,127 for the U.S. In five years, median value is projected to change by 1.06% annually to $146,957.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography.

July 10, 2020

©2020 Esri Page 2 of 2

APPLYNOW!110 Person St, Fayetteville, NC 28303

Patrick Murray(910) 829-1617 [email protected]

Grant-Murray Real Estate, LLCLicense # 231098

You will submit your:

- Rental Application

- Credit Report

- Background Check

- Eviction Report Apply today by scanning the QR

code above or

visiting the following link

https://apply.link/3eev0q5

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2nd floor retail/office space available 110 person st...

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