Southern Pines, NC 28387,670 SW Broad ST
Southern Pines, NC 28387,670 SW Broad ST
Southern Pines, NC 28387,670 SW Broad ST
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$2,290,000
Est. payment /mo
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15,888 SqFt
Active

670 SW Broad ST Southern Pines, NC 28387

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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


Hive MLS / (NCRMLS)
Listed by Carolina Summit Group, LLC

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Stephanie Smith

Broker | License ID: 327498

+1(910) 777-3793

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670 SW Broad ST