A unique opportunity to purchase a piece of history has just become available.
The historic Huske Buildings located at 405-421 Hay St are available for sale for $4.6 million in downtown Fayetteville.
Owned by the Baggett family since buying the property from the original builders and owners in the 1970s. Owner Joe Baggett, whose mother was a member of the Huske family, shared that after being passed down within his family for years, he and his siblings came to the hard decision to sell the property.
“Over the years we’ve done different things on the building. When my father was alive we did a lot of the brewery and a bunch of other renovations. I have two brothers and a sister and we just ran it. We’re big downtown people so we’d like to see it go to someone with more energy and let it thrive. It’s a great location and a cool building and I’d love to see it take the next steps forward,” said Baggett.
The property was listed for sale through Grant- Murray Real Estate LLC. and consists of three parcels totaling 1.98 acres zoned DT1 and includes a large parking lot to the rear. Building 405 is a 41,950 SF four-story building with the majority of it occupied by Huske Hardware, a long standing downtown brewery and restaurant. The tenant is currently on a month to month lease. Building 417 is a 27,373 SF five-story building with a 2,778 SF space available for lease and a popular hair salon on the ground floor.
According to the listing, the buildings were constructed in 1904 and the last large renovation effort on the property took place in 2001, but Baggett shared that minor renovations and upkeep projects have been taking place while under his family’s ownership.
The listing also advertises the potential residential real estate potential of the five story building located at 417 Hay St. Baggett shared that plans were already in motion to develop before the property was listed for sale.
“In the five story building we’d actually had architectural plans drawn for apartments in the four stories above the retail space, so all of it was going to be mixed use. I would hope someone would do the five story building as mixed use,” said Baggett. “There's a lot of advantages for someone coming in because some of the stuff has already been done. The five story building had been gutted up above and plumbed up to the second floor to be able to start the renovation so that you wouldn't disturb the first floor particularly. So things like that are in place.”
See the full listing online at www.grantmurrayre.com here.
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