1007 Carthage StSanford, NC 27330

Property Details for 1007 Carthage St

Year built

1950

Lot size

0.75 AC

Property size (Sq ft)

1,239 SF

Zone code

OFFICE & INSTITUTIONAL

Property type

Medical offices

Property subtype

Medical centers

APN

9642-46-1824-00

APU

964246182400

Description

This 1,239 square foot medical office building in Sanford, NC, is available for $450,000. Located at 1007 Carthage St, this vacant property offers a prime location just one minute from Central Carolina Hospital and three minutes from downtown Sanford. Enjoy easy access to major roadways, including US 1, with Apex/Cary and Southern Pines/Pinehurst only 30 minutes away (per Google Maps). The building, originally constructed in 1950 and renovated in 2007, features a reception area, waiting room, and six additional rooms, making it ideal for a variety of medical or office uses. Ample parking is available on the 0.75-acre lot, which provides potential for expansion or the addition of another structure. The property is zoned O&I. While the North Carolina Department of Transportation is implementing changes to Carthage Street, including a median, Carthage Street will remain the primary access point to Sanford's medical district. The building's square footage is calculated as 1,239 square feet, differing from some online listings. APN: 9642-46-1824-00. This is a high-traffic location with excellent visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $320,660

  6.5%

  $295,994

  7%

  $274,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $283,124

  Geo Method

  $284,400

• Alternative Use

  Use

  Valuation

  Residential

  $367,032

  Hospitality

  $336,200

  Educational

  $279,714

  Medical

  $289,334

  Retail

  $435,111

Location Insight

City

Sanford

County

Lee

State

North Carolina

Latitude

35.4722

Longitude

-79.1876

CBSA code

41820

CBSA name

SANFORD, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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