230 Broad StSouthern Pines, NC 28387
- Retail properties
- 0.16 AC
Property Details for 230 Broad St
- Year built
- 1996
- Lot size
- 0.16 AC
- Zone code
- CB
- Property type
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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