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Retail Suite with Concrete Floors

277 W Pennsylvania Avenue, Southern Pines, NC 28387

For Lease
$2,000/Mo

Commercial Lease, Southern Pines, NC

Space Size900 SF
Days on Market36

Property Features for 277 W Pennsylvania Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning CB
Parking features Off Street, Parking Lot
Subdivision Downtown
Directions 2nd from right, 1 story unit on W. Penn Ave. Across from E-talia, Between Bennett Street & Page St.
Standard status Active
APN 00031398114
Size 900 SF

Taxes and HOA fees

Tax Year 2026
Tax Description SO-31398-04 The Lofts at Pinnacle Place Condo Lot 4
Tax Annual Amount 1791
Expense value 2000
Expense SecurityDeposit
Expense freq. One Time
Legal Description SO-31398-04 The Lofts at Pinnacle Place Condo Lot 4

Utilities

Utilities Natural Gas Available
Heating system Heat Pump (Heating), Forced Air, Electric (Heating)
Cooling system Central Air, Heat Pump
Water source Public

Amenities

private rear entrance
staff parking

Building Details

Year built 2010
Number of units 1
Flooring type Concrete
Building materials Brick, Steel Frame
Listing Agency: Keller Williams Pinehurst · Keller Williams Realty
Listed By: Tammy O Lyne · License NC #140668
Added: Oct 11 Changed: Nov 14 Last Checked: Nov 15 at 4:06AM
MLS# 100616523

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 900-square-foot retail suite occupies one level in a 2010 building at 277 W Pennsylvania Avenue. Concrete flooring and a brick-and-steel-frame structure define the space. The layout supports professional office or light retail use, with zoning designated CB.

The property is in downtown Southern Pines. A private rear entrance and staff parking are available; most parking is along the street. The lease is structured as gross, with the tenant responsible for utilities and the landlord covering CAM, taxes, and insurance. A minimum two-year term applies, with 3% escalations.

Key Highlights

  • 900 square feet of single‑level retail space
  • CB zoning; office professional or light retail use
  • Concrete flooring in a 2010 brick and steel‑frame building

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Ward Roland - State ... Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage Electrical Service HVAC Service Grocery & Convenience Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,170
Businesses Nearby
12k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Truist Shops & Services
6,904 visits/mo 0.2 miles
Marathon Shops & Services
5,524 visits/mo 0.3 miles

Demographics for 28387, NC

16,413
Population
8,731
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
93%
High-School Grad
29.5 sq mi
ZIP Area
556
Density / Sq Mi
$73,587
Median Household Income
$51,681
Median Earnings
$1,137
Median Rent
$366,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Southern Pines, NC

$24.77 /SF/Yr
Avg Asking Price
$20.63–$30 /SF/Yr
Price Range
2,329 SF
Avg Space Size

This space is priced 8% above the average of $24.77 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Single-level space in downtown Southern Pines is suited to professional office or light retail use.
Where is this retail space located?
The property is located at 277 W Pennsylvania Avenue Southern Pines, NC.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: 900 square feet of single‑level retail space; CB zoning; office professional or light retail use; Concrete flooring in a 2010 brick and steel‑frame building
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