Light Industrial and Retail
1110 Hawkins Avenue Unit 1110 Sanford, NC 27330
1110 Hawkins Avenue Unit 1110, Sanford, NC, 27330
$995,000
For Sale
$995,000
Three commercial buildings plus a renovated early-1900s residence sit on over 10 acres with water, sewer, and natural gas.
Property Size6,000 SF
Lot Size10.55 Acres
Price / SF$165.83
Days on Market256
Property Features for 1110 Hawkins Avenue Unit 1110
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 10.55 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1984
Listing agency
Harris Realty & Auction
(919) 498-4077
Listed by
Scott Harris · License #159569
(919) 498-4077
Source
Xome
Added: Nov 8, 2025 Updated: Jul 22 at 10:35AM Checked: Jul 22 at 10:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harris Realty & Auction
Investment Insights
Based on property information with market context.
This Sanford mixed-use tract includes three commercial buildings totaling 6,000 square feet, constructed between the mid-1980s and 1990s, along with an early 1900s residence updated in the 1980s. The residence offers 2 bedrooms, 2 bathrooms, and approximately 1,437 square feet, and was previously used as a print shop and silk-screening business.
The property features full utilities, including water, sewer, and natural gas. Strategically positioned on Hawkins Avenue, the highly traveled gateway into Historic Downtown Sanford, the site totals 10.55± acres, with approximately 9.5± acres zoned L-I–3.7 and 1.05± acres zoned C-2 and R-12. Approximately 3.7± acres of the L-I zoned portion lie within the flood zone.
The available configuration supports redevelopment, expansion, or diversified commercial use across the existing improvements and mixed zoning.
The property features full utilities, including water, sewer, and natural gas. Strategically positioned on Hawkins Avenue, the highly traveled gateway into Historic Downtown Sanford, the site totals 10.55± acres, with approximately 9.5± acres zoned L-I–3.7 and 1.05± acres zoned C-2 and R-12. Approximately 3.7± acres of the L-I zoned portion lie within the flood zone.
The available configuration supports redevelopment, expansion, or diversified commercial use across the existing improvements and mixed zoning.
Key Highlights
- 10.55± acres in Sanford NC with water, sewer, and natural gas available (full utilities).
- Three commercial buildings totaling 6,000 sq ft: 4,000 sq ft, 800 sq ft, and 1,200 sq ft.
- Zoning includes L‑I, C‑2, and R‑12, with approximately 9.5± acres zoned L‑I and 1.05± acres zoned C‑2 and R‑12.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.4k | $17.40 |
| − Vacancy | −$2.8k | −$0.47 |
| EGI | $101.6k | $16.93 |
| − OpEx | −$30.5k | −$5.08 |
| NOI | $71.1k | $11.85 |
6,000 SF · lease $17.40/SF/yr · vacancy 2.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$888.8K – $1.19M
NOI $71,107 @ 7.0% cap · market cap 7.15%
Second Best
Industrial
$454.5K
$397.7K – $530.3K
NOI $31,817 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,125 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Asadito — 1614 Hawkins Ave, Sanford, NC 27330
FAQs
What type of property is this?
Flex space - Three commercial buildings plus a renovated early-1900s residence sit on over 10 acres with water, sewer, and natural gas.
Where is this flex space located?
The property is located at 1110 Hawkins Avenue Unit 1110 Sanford, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 10.55± acres in Sanford NC with water, sewer, and natural gas available (full utilities).; Three commercial buildings totaling 6,000 sq ft: 4,000 sq ft, 800 sq ft, and 1,200 sq ft.; Zoning includes L‑I, C‑2, and R‑12, with approximately 9.5± acres zoned L‑I and 1.05± acres zoned C‑2 and R‑12.
