Property photo 1
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ActiveMLS# 100598048

$1,920,000

1295 Old Us 1 Highway

Southern Pines, NC 28387

0 BD|0 BA|14,003 SQFT|$137.11/sqft

About This Property

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.

Property Details

Property TypeCommercial
Year Built1966
Lot Size43,124 sqft
Price / Sqft$137.11
MLS Number100598048

Sarah Casey

REALTOR®

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Est. Monthly Payment

$11,549

P&I: $9,709 | Tax: $1,360 | Insurance: $480

$1,920,000
%
%
Loan Amount$1,536,000
Down Payment$384,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

1295 Old Us 1 Highway, Southern Pines, NC 28387

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