For Sale
$2,290,000
685 Bennett St Southern Pines, NC 28387
High-Yield Office Investment, 5.5% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Fully leased, 15,888 SF office portfolio in Downtown Southern Pines, NC.
- Six units in a single, one-story building (673-685 S Bennett St & 660-670 SW Broad St).
- 100% occupancy with diverse tenants, generating $124,730 NOI and a 5.5% cap rate.
- Asking price: $2,290,000 ($144.13/SF, $381,667/unit).
- 1.61-acre lot with off-street parking and high visibility on Broad Street.
- Centrally located near US Highway 1, zoned Central Business (Downtown Overlay).
Property Details for 685 Bennett St
- Property type
- Office properties
- Square Feet
- 15,888 SF
- Year Built
- 1960
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 70,132 SF
- Units
- 6
Location Insight
- City
- Southern Pines
- County
- Moore
- State
- North Carolina
- Latitude
- 35.16938888
- Longitude
- -79.39945323
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-Yield Office Investment, 5.5% Cap Rate
- Where is the office property located?
- The property is located at 685 Bennett St Southern Pines, NC.
- What is the asking price?
- The asking price for this property is $2,290,000.
- What are key features of this property?
- This property features: Fully leased, 15,888 SF office portfolio in Downtown Southern Pines, NC.; Six units in a single, one-story building (673-685 S Bennett St & 660-670 SW Broad St).; 100% occupancy with diverse tenants, generating $124,730 NOI and a 5.5% cap rate.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website