$2,290,000
( $144.13Per Sq Foot )
$11,946 est/mo Sourced by Back At You670 SW Broad Street , Southern Pines, NC 28387
Southern Pines, NC 28387
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%.
Details
| MLS# | 100457658 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1960 |
| Days On Site | 74 |
| Listing Provided By | Carolina Summit Group, LLC | Holly Spofford Bell |
Features
| N/A | 15,888 |
|---|---|
| Zoning | CB & Downtown |
| Acreage | 1.61 |
Market Activity 28387
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Learn More About This Property
| State | NC |
|---|---|
| County | Moore |
| City | Southern Pines |
| Zip Code | 28387 |
| Area | Moore |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $2,290,000 low | high Med: $327,000 SqFt: 15,888 low | high Med: 894 $ / SqFt: $144 low | high Med: $380 On Site: 74 low | high Med: 231.500000 | |
Listing Updated: July 29, 2024 at 3:14:39 PM PDT