670 SW Broad St - Office FOR SALE


Southern Pines, NC 28387
$2,290,000 USD
910-690-1065
670 SW Broad St, Southern Pines, NC for Sale
$2,290,000 USD
Office - FOR SALE
1/21
null | 5.45% Cap Rate

670 SW Broad St
Southern Pines, NC 28387


HIGHLIGHTS

  • Investment Opportunity
  • Fully Leased

OVERVIEW

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%.

FOR SALE DETAILS

PRICE

$2,290,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

CB

APN/PARCEL ID

8581-09-06-4938

ASK ABOUT THIS PROPERTY

Holly BellCarolina Summit Group, LLCMore Info
910-690-1065

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Holly BellCarolina Summit Group, LLCMore Info
910-690-1065

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.