Property
Southern Pines, NC 28387 670 SW Broad Street
$2,290,000
15 more
Presented By: Carolina Summit Group, LLC
- MLS# 100457658
- 07/25/2024
SQFT • 15,888
Home Details
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%.
Presented By: Carolina Summit Group, LLC
Interior Features for 670 SW Broad Street
Other Interior Features
List Price/SqFt144.13
General for 670 SW Broad Street
CitySouthern Pines
City LimitsYes
Cobra ZoneNo
CountyMoore
Days on Market125
Geo Lat35.16988
Geo Lon-79.400101
Listing Member NameHolly Spofford Bell
Location TypeMainland
Lot Sqft70132.00
New ConstructionNo
Property TypeG
Sale/LeaseSale
Sale/Lease IncludesBuildings, Land
Secondary SubdivisionN/A
Special Assessmentsnone
StatusActive
Stipulation of SaleNone
Street NameBroad
Sub-TypeCommercial
SubdivisionDowntown
Tax Assessed Value1846990.00
Tax Year2023
Year Built1960
ZoningCB & Downtown
current useCommercial
Exterior for 670 SW Broad Street
Lot Acres1.61
Lot DimensionsSee Remarks
MLS Identifier20150918160742258811000000
Additional Details
Price History
Brian Inskip
North Carolina Coastal Real Estate Expert