Active
670 SW Broad Street
Southern Pines NC, 28387
$2,290,000
$144.13 per sqft
Active
15,888 sqft
Commercial
Built in 1960
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%.
100457658
MLSⓇ ID
July 25, 2024
Listed
October 14, 2024
Updated
Map
670 SW Broad Street
Southern Pines NC, 28387
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
1.61 Acres
Other Property Details
Days on Market
81
Association Fee Frequency
Yearly
Garage
No
View
No
County
Moore
Pool
No
Zoning
CB & Downtown
Courtesy of Carolina Summit Group, LLC with Holly Spofford Bell,
Listing Contact: 910-690-1065
The data relating to real estate on this website comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 3:59 PM UTC, 10/14/2024. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor McDevitt Town and Country Properties shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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 the 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.
©2024 North Carolina Regional MLS LLC
Data last updated 3:59 PM UTC, 10/14/2024