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670 SW Broad Street

Southern Pines, NC 28387
  • $2,290,000
  • STATUS: Active
  • ON SITE: 139 Days
  • MLS #: 100457658
UPDATED: 38 min ago
$2,290,000
  • 0
    BEDS
  • 1.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,888
    SQFT
  • $144
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

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%.

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Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-12-12T07:58:30.407.
www.vanceyoungwilmingtonhomes.com/homes/152968898
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670 SW Broad Street Southern Pines, NC 28387

  • Price: $2,290,000
  • Status: Active
  • On Site: 139 Days
  • Updated: 38 min ago
  • MLS #: 100457658
0
Beds
0
Baths
0
½ Baths
1.61
Acres
15,888
SQFT
$144
$/SQFT
1960
Built
Neighborhood:
Downtown
County:
Moore
Area:
Southern Pines
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%.
Exterior Features

Location Type Mainland Lot Dimensions See Remarks

Property Features

City Limits Yes Cobra Zone No Commercial Sub Type Commercial Current Use1 Commercial Net Operating Income 124730.00 New Construction No Sale Lease Includes BuildingsLand Sale Or Lease Sale Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2023 Zoning CB & Downtown



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of Holly Spofford Bell of Carolina Summit Group, LLC: (910) 684-5353.


Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-12-12T07:58:30.407.
 
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