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Additional details
Listed by Cat Bartlett • The Locals Company
$999,900
Est. payment /mo
146,830 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 146,830 sqft
Price per Sqft $6
MLS Listing ID 3159589
Year Built 1900
Lot Size 14.940 Acres
Property Sub-Type Warehouse
Property Description
Rare opportunity to acquire one of Fayetteville's most recognizable historic industrial properties. Known locally as the "Cotton Mill", this landmark campus offers a compelling blend of character, scale, and income-producing potential on approximately 14.94 acres. Conveniently located near Downtown Fayetteville with easy access to I-24 and I-65, the property provides strong regional connectivity to Nashville and Huntsville (AL).
Originally established in the early 1900s, the property features substantial brick, wood, steel, and concrete construction with architectural character that would be difficult to replicate today. The campus includes multiple manufacturing, warehouse, storage, and office areas with flexible configurations suitable for multi-tenant use, owner-occupants, or redevelopment. Much of the main building retains original character, including hardwood floors, while recent improvements include a newer roof and significant upgrades to theLED lighting and repaired/replaced flooring.
The property is partially leased, providing in-place income with additional upside through lease-up of vacant and underutilized areas, including office space, basement/storage, and recently vacated sections. Existing rents are below market, offering a clear value-add opportunity. An established corporate tenant occupies approximately 21,701 SF and contributes OVER $125,000 annually, providing a strong income base with future flexibility.
A solar component provides additional income through a royalty structure and offers potential utility cost advantages for tenants.
With its scale, layout, and historic character, the property also lends itself to adaptive reuse concepts such as a brewery, food hall, event venue, or mixed-use destination. Offered at below prior appraisal.
Where vision meets value and opportunity is ready to be realized.
Originally established in the early 1900s, the property features substantial brick, wood, steel, and concrete construction with architectural character that would be difficult to replicate today. The campus includes multiple manufacturing, warehouse, storage, and office areas with flexible configurations suitable for multi-tenant use, owner-occupants, or redevelopment. Much of the main building retains original character, including hardwood floors, while recent improvements include a newer roof and significant upgrades to theLED lighting and repaired/replaced flooring.
The property is partially leased, providing in-place income with additional upside through lease-up of vacant and underutilized areas, including office space, basement/storage, and recently vacated sections. Existing rents are below market, offering a clear value-add opportunity. An established corporate tenant occupies approximately 21,701 SF and contributes OVER $125,000 annually, providing a strong income base with future flexibility.
A solar component provides additional income through a royalty structure and offers potential utility cost advantages for tenants.
With its scale, layout, and historic character, the property also lends itself to adaptive reuse concepts such as a brewery, food hall, event venue, or mixed-use destination. Offered at below prior appraisal.
Where vision meets value and opportunity is ready to be realized.
Location
State TN
County Lincoln County
Zoning Commercial
Interior
Fireplace N
Exterior
Roof Type Membrane
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