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    110 Steele St Sanford, NC 27330

    Sponsored
    For Sale
    $465,000

    Prime Retail Location, High Visibility

    Property size:
    7,159 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional commercial property at 110 S Steele Street in Sanford, NC, presents a unique investment or business opportunity in a revitalized downtown area. The building offers a substantial 7,159 square feet of space, ideally suited for a variety of commercial uses. The main floor encompasses 2,784 square feet, providing ample room for retail operations or a primary business function. Adding to its versatility, a 125-square-foot loft area offers additional space for office or storage needs. Upstairs, an expansive 4,250 square feet extends over 106 S Steele Street, which is also available for purchase separately (MLS # 696989). This presents a rare chance to acquire a significant footprint in the heart of Sanford's burgeoning downtown district. The property benefits from high visibility and is perfectly positioned to capitalize on the area's revitalization efforts. There are no confirmed special assessments associated with this property, simplifying the acquisition process. This is an exceptional opportunity for investors seeking a strong return or businesses looking to establish a prominent presence in a thriving downtown location. The combined square footage of both properties offers significant potential for expansion or multi-tenant occupancy. Don't miss this chance to become part of Sanford's vibrant downtown scene.

    Property Features for 110 Steele St

    General Information

    Property type
    Retail properties
    Square Feet
    7,159 SF

    Building Details

    Year Built
    1925
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.17918
    Latitude
    35.48034

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Location, High Visibility
    Where is this retail property located?
    The property is located at 110 Steele St Sanford, NC.
    What is the asking price?
    The asking price for this property is $465,000.
    (919) 708-5100
    Request Owner's contact information
    110 Steele St Sanford, NC 27330
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    Sanford, NC 27330
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 Steele St Sanford, NC 27330
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