230 Broad StSouthern Pines, NC 28387

Property Details for 230 Broad St

Year built

1996

Lot size

0.16 AC

Zone code

CB

Property type

Retail space

APN

35416

APU

35416

Description

This exceptional retail property, located at 230 SW Broad Street in the heart of Downtown Southern Pines, North Carolina, offers 6,000 square feet of commercial space. The building, constructed in 1996, features two suites, with a minimum divisible space of 3,000 square feet. One suite, currently configured as a salon, showcases a large open area with storefront windows, ideal for retail displays. This suite also includes several private offices or service rooms, a breakroom, and two restrooms. Additional features include drop ceilings and basement storage. The property sits on a 0.16-acre lot and is zoned CB - Central Business & Historic District (Parcel ID 00035416/PIN 858100282126). Street parking is available. Its location in the vibrant Downtown Southern Pines submarket, within the Moore County cluster, ensures high visibility and accessibility, making it perfect for a variety of retail businesses. The property's proximity to other retail shops and restaurants guarantees a high foot traffic area. This is a rare opportunity to acquire a well-located, versatile retail space in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,651,696

  6.5%

  $2,447,719

  7%

  $2,272,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,013,647

  Geo Method

  $4,031,732

• Alternative Use

  Use

  Valuation

  Residential

  $2,064,743

  Hospitality

  $1,891,293

  Educational

  $1,573,534

  Medical

  $1,627,650

  Retail

  $2,447,719

Location Insight

City

Southern Pines

County

Moore

State

North Carolina

Latitude

35.1731

Longitude

-79.3941

CBSA code

38240

CBSA name

PINEHURST-SOUTHERN PINES, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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