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    128 Carthage St Sanford, NC 27330

    Sponsored
    For Sale
    $1,200,000

    Mixed-use building, 17,816 sq ft

    Property size:
    17,816 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning, 17,816 square foot mixed-use building, located in the heart of downtown Sanford, North Carolina, presents a unique investment opportunity. Originally constructed in 1924 and extensively renovated in 2021, this former Masonic Temple boasts a rich history and captivating architectural details. The building, listed on the National Register of Historic Places since 1984, offers significant potential for historic tax credits. The ground floor and basement currently house retail spaces, while the upper two floors are adaptable for office or apartment use. Notable features include ornate stairwells, an elevated main floor stage, a secret rooftop entrance, and an original coal shoot in the basement. The property's prime location at the intersection of Carthage Street and N. Steele Street provides excellent visibility and accessibility. With a new roof installed in 2021, this building offers a blend of historic charm and modern functionality. The asking price is $1,200,000. The basement space presents an ideal opportunity for a speakeasy-style bar, complementing the building's Prohibition-era history. This is a rare chance to own a piece of Sanford's vibrant past while capitalizing on its promising future.

    Property Features for 128 Carthage St

    General Information

    Property type
    Multifamily properties
    Square Feet
    17,816 SF

    Building Details

    Year Built/Renovated
    1924/2021
    Stories
    4

    HighLights

    • 17,816 SF mixed‑use building in downtown Sanford, NC, at the intersection of Carthage and N. Steele Streets.
    • Ground floor and basement offer retail space.
    • Upper two floors suitable for office or apartment conversion.
    • New roof installed in 2021.
    • Listed on the National Register of Historic Places (1984); eligible for historic tax credits.
    • Unique architectural details including ornate stairwells, main floor stage, secret rooftop entrance, and original coal shoot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -79.1790648
    Latitude
    35.4809617

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    FAQs

    What type of property is this?
    Multifamily property - Mixed-use building, 17,816 sq ft
    Where is this multifamily property located?
    The property is located at 128 Carthage St Sanford, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 17,816 SF mixed-use building in downtown Sanford, NC, at the intersection of Carthage and N. Steele Streets.; Ground floor and basement offer retail space.; Upper two floors suitable for office or apartment conversion.
    Request Owner's contact information
    128 Carthage 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
    128 Carthage St Sanford, NC 27330
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