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650 SW Broad Street

Southern Pines, NC 28387
  • $650,000
  • STATUS: Active
  • ON SITE: 72 Days
  • MLS #: 100299886
UPDATED: 76 min ago
$650,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,000
    SQFT
  • $163
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1945
County:

School Ratings & Info

Description

Functional and attractive building on Broad Street in Downtown Southern Pines. This building is divided into two units. Unit A has a brand new Spa tenant on a five year lease ending August 2026 with annual escalations. This tenant recently placed top 3 in the Best of the Pines. Unit B is used as executive suite space with common area and 8 private offices. Cap rate currently 5.8% with plenty of headroom for NOI growth. Perfect for an owner-occupier that wants extra income. Original wooden beams.

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© 2022 NCRMLS. All rights reserved. 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 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. Data last updated 2022-01-20T09:57:45.387.
www.jacksonvillenchomefinder.com/homes/123122069
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650 SW Broad Street Southern Pines, NC 28387

  • Price: $650,000
  • Status: Active
  • On Site: 72 Days
  • Updated: 76 min ago
  • MLS #: 100299886
0
Beds
0
Baths
0
½ Baths
0.21
Acres
4,000
SQFT
$163
$/SQFT
1945
Built
Neighborhood:
Downtown
County:
Moore
Area:
Southern Pines
Property Description
Functional and attractive building on Broad Street in Downtown Southern Pines. This building is divided into two units. Unit A has a brand new Spa tenant on a five year lease ending August 2026 with annual escalations. This tenant recently placed top 3 in the Best of the Pines. Unit B is used as executive suite space with common area and 8 private offices. Cap rate currently 5.8% with plenty of headroom for NOI growth. Perfect for an owner-occupier that wants extra income. Original wooden beams.
Exterior Features

Location Type Mainland Lot Dimensions 162.6 X 56 X 162 X 66 Number Of Parking Spaces 4

Interior Features

Attic Stairs - Pull Down Basement None

Property Features

Auction No City Limits Yes Cobra Zone No Commercial Sub Type Mixed UseOfficeRetail Hoa YN No New Construction No Property Taxes 2819.60 Sale Lease Includes BuildingsLand Sale Or Lease Sale Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2021 Zoning Cb



Listing information © 2022 NCRMLS
Listing provided courtesy of Robert Bahner of Bell Manley Real Estate Llc.


© 2022 NCRMLS. All rights reserved. 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 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. Data last updated 2022-01-20T09:57:45.387.
 
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Frost Real Estate Team | eXp Realty
102 Elizabeth Street, Suite A
Jacksonville NC, 28540