1295 Old Us-1 Hwy S - Office FOR SALE


Southern Pines, NC 28387
$1,920,000 USD
910-690-1065
1295 Old Us-1 Hwy S, Southern Pines, NC for Sale
$1,920,000 USD
Office - FOR SALE
1/18
null | 7.97% Cap Rate

1295 Old Us-1 Hwy S
Southern Pines, NC 28387


HIGHLIGHTS

  • Investment Opportunity in Southern Pines, NC
  • Fully Leased Property FOR SALE

OVERVIEW

Offered for sale, this well-maintained multi-tenant commercial property along Old US 1 Hwy includes three buildings totaling +/- 14,003 SF: a 2,008 SF two-story office at 1275–1285, an 8,985 SF two-story office at 1295, and a 3,010 SF single-story storage building at 1297. The asset is fully leased with primarily NNN leases, providing stable income. Current Cap Rate 7.97%. The site offers 44 parking spaces and is zoned GB (General Business) within an Urban Village Highway Corridor, with portions located in the city limits and the remainder in the ETJ.

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

7.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

GB

APN/PARCEL ID

8571-12-85-5132

ASK ABOUT THIS PROPERTY

Holly BellCarolina Summit Group, LLCMore Info
910-690-1065

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Holly BellCarolina Summit Group, LLCMore Info
910-690-1065

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