409 Carthage St - Medical FOR SALE


Sanford, NC 27330
$420,000 USD
919-475-5769
409 Carthage St, Sanford, NC for Sale
$420,000 USD
Medical - FOR SALE
1/19
null | Request Cap Rate

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409 Carthage St
Sanford, NC 27330


HIGHLIGHTS

  • Hard-Corner CBD Site - 100' x 127' Dual Street Frontage
  • 5,573 SF Mixed-Use | 3 Income-Producing Units
  • C-2 Zoning | 15 Paved Spaces | Full Public Utilities
  • Value-Add Upside - Area Comps Trading to $122/SF
  • Adjacent Prince Hotel Site Cleared for Redevelopment

OVERVIEW

Rare opportunity to own a high-visibility corner asset in Sanford's Central Business District. This 5,573 SF mixed-use building sits on 0.29 acres with dual street frontage and delivers three income-producing units, 15 paved on-site spaces, and in-place cash flow. Strategic positioning supports owner-occupant, investor, or redevelopment plays. C-2 zoning, no flood risk, full public utilities, and adjacent Prince Hotel site cleared for new development drive substantial upside. Comparable downtown Sanford CBD sales have traded as high as $122/SF, significant value-creation runway for the right operator. Downtown momentum is accelerating. Act decisively.

FOR SALE DETAILS

PRICE

$420,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

5,573 SF Value-Add Mixed-Use Investment

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,584 SF

ZONING

C-2

APN/PARCEL ID

9642-59-6131-00

ASK ABOUT THIS PROPERTY

Vandan Gandhi, CCIMKW CommercialMore Info
919-475-5769

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Vandan Gandhi, CCIMKW CommercialMore Info
919-475-5769

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