650 SW Broad Street, Southern Pines, NC 28387
$600,000
Property Type:
Comm Sale or Lease
Square Footage:
4,000
Lot Size (sq. ft.):
9,148
Status:
Closed
Current Price:
$600,000
List Date:
6/29/2022
Last Modified:
1/19/2026
Description
Calling all investors! This building is almost fully leased and is offered at a 8.26% cap rate. Suite A is occupied by Revive Spa on a five year lease ending August 2026 with annual escalations. This tenant placed top 3 in the Best of the Pines in 2021. Suite B is occupied by executive suite tenants on annual leases. Fully leased. Original wooden beams.
More Information MLS# 100299886
Building/Ext Features
# of Parking Spaces: 4
Lot Acres: 0.21
Lot SqFt: 9148
Lot Dimensions: 162.6 x 56 x 162 x 66
Location Type: Mainland
Contract Info
Sub-Type: Improved
Sale/Lease: Sale
Auction: No
List Price/SqFt: 162.5
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2019-11-24
Listing Price: 650000
Current Price: $600,000
Location Information
City Limits: Yes
Marketing City: Southern Pines
Secondary Subdivision: N/A
Street #: 650
Pre Direction: SW
Street Name: Broad
Street Suffix: Street
County: Moore
State/Province: NC
Zip Code: 28387
Subdivision: Downtown
Geo Lat: 35.169803
Geo Lon: -79.399476
Remarks and Showing
Sign on Property: Yes
Directions to Property: East on Morganton Road, turn left on SW Broad Street. Property is on your left after .5 miles.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 296800
Deed Book: 3377
Deed Page: 380
Legal: Casavant Land
Broker Owner: No
PID: 99000382
Tax Identifier: 99000382
Plat Book: 7
Plat Page: 525
Total Real Estate Property Taxes: 2819.6
Special Assessments: n/a
Tax Year: 2021
Zoning: CB
HOA: No
Cobra Zone: No
Year Built: 1945
Business Type
Mixed: 1
Professional/Office: 1
Retail: 1
Attic
Stairs - Pull Down: 1
Basement
None: 1
Sale/Lease Includes
Buildings: 1
Land: 1
Heating System Fuel Source
Electric: 1
BuildingExt Features
SqFt - Heated (Primary): 4000
Status Change Info
Under Contract Date: 2022-10-18
Sold Price: $600,000
Sold Date: 2022-12-06
Property Features
Business Type: Mixed; Professional/Office; Retail
Attic: Stairs - Pull Down
Basement: None
Heating System Fuel Source: Electric
Listing Office:
Bell Manley Real Estate LLC
IDX
Last Updated: January - 19 - 2026
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