670 SW Broad Street, Southern Pines
$2,290,000
MLS Number:
100457658Built:
1960Sq Ft:
15888Listing Date:
Jul 25, 2024
100457658Built:
1960Sq Ft:
15888Listing Date:
Jul 25, 2024
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%.
Address: 670 SW Broad Street
City: Southern Pines
State: NC
Zip: 28387
Area: Downtown
Lot Size: 1.61 acres
Property Type: Commercial
Sub Type: Commercial
Sale or Lease: Sale
Listing Office: Carolina Summit Group, LLC
