Description
Functional and attractive building on Broad Street in Downtown Southern Pines. This building is divided into two units. Unit A has a brand new Spa tenant on a five year lease ending August 2026 with annual escalations. This tenant recently placed top 3 in the Best of the Pines. Unit B is used as executive suite space with common area and 8 private offices. Cap rate currently 5.8% with plenty of headroom for NOI growth. Perfect for an owner-occupier that wants extra income. Original wooden beams.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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4,000SQFT
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$163$/SQFT
School Ratings & Info
Description
Functional and attractive building on Broad Street in Downtown Southern Pines. This building is divided into two units. Unit A has a brand new Spa tenant on a five year lease ending August 2026 with annual escalations. This tenant recently placed top 3 in the Best of the Pines. Unit B is used as executive suite space with common area and 8 private offices. Cap rate currently 5.8% with plenty of headroom for NOI growth. Perfect for an owner-occupier that wants extra income. Original wooden beams.
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