670 SW Broad St | Southern Pines, NC 28387
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670 SW Broad St
Southern Pines, NC 28387
Office Property For Sale
Investment Highlights
- Investment Opportunity
- Fully Leased
Executive Summary
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%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
15,888 SF
Building Class
B
Year Built
1960
Price
$2,290,000
Price Per SF
$144
Cap Rate
5.45%
NOI
$124,730
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,888 SF
Building FAR
0.23
Lot Size
1.61 AC
Zoning
CB - Central Business within the Downtown Overlay.
Amenities
- Central Heating
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 8581-09-06-4938 | Improvements Assessment | $1,426,680 |
| Land Assessment | $420,310 | Total Assessment | $1,846,990 |
PROPERTY TAXES
Parcel Number
8581-09-06-4938
Land Assessment
$420,310
Improvements Assessment
$1,426,680
Total Assessment
$1,846,990
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