213-219 S Steele St - Storefront FOR SALE


Sanford, NC 27330
$1,000,000 USD
984-239-8452
213-219 S Steele St, Sanford, NC for Sale
$1,000,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

213-219 S Steele St
Sanford, NC 27330


HIGHLIGHTS

  • Downtown Sanford commercial investment
  • Mixed-use commercial investment property
  • Seller to lease back a small portion of the building after closing

OVERVIEW

Exceptional opportunity to acquire a mixed-use commercial property in the heart of Downtown Sanford. This well-positioned asset offers immediate income with additional leasing upside, making it an attractive investment for both investors and owner-users. The property currently features approximately 1,700± SF available for lease at $11.00/SF, along with Suites 213, 217B, and 217C available for $600 per month, providing multiple opportunities to increase occupancy and cash flow. As an added benefit, the current owner will remain as a tenant after closing, occupying only a small portion of the building while providing immediate in-place rental income. This allows a new owner to benefit from existing cash flow while maintaining flexibility to lease the remaining available space. Located in Sanford's thriving downtown district, the property enjoys excellent visibility, walkability, and convenient access to US-1, US-421, and NC-87. Suitable for retail, office, professional services, boutique, restaurant, or specialty commercial uses, this is a rare opportunity to acquire a versatile investment property in one of Central North Carolina's fastest-growing markets.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

213 North Steele Street

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,987 SF

ZONING

CBD

APN/PARCEL ID

9642-79-1490-00

ASK ABOUT THIS PROPERTY

Jose CruzCentury 21 Commercial Triangle GroupMore Info
984-239-8452

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Jose CruzCentury 21 Commercial Triangle GroupMore Info
984-239-8452

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