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$2,290,000
Est. payment /mo
15,888 SqFt
UPDATED:
10/13/2024 10:36 AM
Key Details
Property Type Commercial
Sub Type Improved
Listing Status Active
Purchase Type For Sale
Square Footage 15,888 sqft
Price per Sqft $144
Subdivision Downtown
MLS Listing ID 100457658
Originating Board North Carolina Regional MLS
Year Built 1960
Lot Size 1.610 Acres
Acres 1.61
Lot Dimensions See Remarks
Property Description
Investment Opportunity: Prime commercial real estate in highly sought-after Downtown Southern Pines, covering 673-685 S Bennett St and 660-670 SW Broad St. This fully leased property boasts approximately 15,888 +/- SF of premium space with Broad Street frontage and off-street parking via Bennett St. Located minutes from US Hwy 1 for easy access to surrounding areas, this investment offers a diverse and stable income stream with tenants like ARC of Moore County, Special Forces Charitable Trust, Far Ridgeline, Elaine's Salon, and Twelve Million Plus powered by Instant Teams. The property generates a Net Operating Income (NOI) of $124,730 and a cap rate of 5.5%.
Location
State NC
County Moore
Community Downtown
Zoning CB & Downtown
Direction From US HWY 1 take Morganton Rd towards downtown Southern Pines. Turn Left onto Broad Street and property will be on your left.
Interior
Heating Electric
Building
New Construction No
Others
Tax ID 20030657
Special Listing Condition None
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Listed by Carolina Summit Group, LLC
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