$2,290,000
( $144.13Per Sq Foot )
 $11,946 est/mo Sourced by Back At You

670 SW Broad Street , Southern Pines, NC 28387

Southern Pines, NC 28387

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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 TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site82
Listing Provided ByCarolina Summit Group, LLC | Holly Spofford Bell

Features

N/A15,888
ZoningCB & Downtown
Acreage1.61

Market Activity 28387

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Listings Checked: 3 minutes ago
StateNC
CountyMoore
CitySouthern Pines
Zip Code28387
AreaMoore
Community NameDowntown
Listing VS Median (in Downtown)
Price:
$2,290,000
low | high
Med:
$370,000
100% of Average
SqFt:
15,888
low | high
Med:
1,729
100% of Average
$ / SqFt:
$144
low | high
Med:
$214
2% of Average
On Site:
82
low | high
Med:
49.000000
100% of Average
Sourced by Back At You
Listing Updated: October 13, 2024 at 6:55:30 AM PDT