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

November 22, 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 Hive MLS, and is updated as of 1:32 PM UTC, 11/22/2024. 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 A Place in the Pines Realty LLC. 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.  Hive MLS 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. Hive MLS 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 Hive MLS.

©2024 Hive MLS 

Data last updated 1:32 PM UTC, 11/22/2024

Powered byLuxury Presence