128-132 Carthage St - Storefront Retail/Office FOR SALE


Sanford, NC 27330
$1,200,000 USD
919-576-2513
128-132 Carthage St, Sanford, NC for Sale
$1,200,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | Request Cap Rate

128-132 Carthage St
Sanford, NC 27330


HIGHLIGHTS

  • Located in Downtown Sanford at the intersection of Carthage Street and N. Steele Street
  • Top two floors can be utilized as office or apartments
  • New roof added in 2021
  • Added to the National Register of Historic Places, Historic Tax Credits available for qualifying renovations
  • Property has unique architectural details such as ornate stairwells, secret rooftop entrance & original coal shoot in the basement

OVERVIEW

Located in the heart of Downtown Sanford, the former Masonic Temple was a center of the community for over 50 years. Constructed in 1924, the building was home to the Sanford Masonic Lodge 151 until the 1980s. The ground level floor was originally occupied by Cole’s Pharmacy and featured a vintage soda bar. Next door was the Temple Theatre which showcased vaudeville and burlesque road shows in the 1930’s. Lodge meetings were held on the upper floors. While the building’s interior has undergone renovations necessary for modern life, unique architectural details have been preserved. The top floors are suitable for office or apartments. The first floor has most recently been used for street level retail. The basement floor is home to Nunnery’s Shoes, but also has space that would be ideal for a “speakeasy” style bar that would be in keeping with this prohibition era building!

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Masonic Temple Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

S Steele St

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CBD

APN/PARCEL ID

9643-60-6063-00

ASK ABOUT THIS PROPERTY

Will JudyLee & AssociatesMore Info
919-576-2513

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Will JudyLee & AssociatesMore Info
919-576-2513

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