110 Connecticut Ave Southern Pines, NC 28387
This exceptional commercial property, located at 110 & 150 E Connecticut Ave in Southern Pines, NC, presents a unique leasing opportunity. The property consists of two buildings totaling 6,672 square feet, situated on a substantial 19,699 square foot lot. Built in 1925, these single-story structures offer a blend of historic charm and modern functionality, zoned for Central Business & Historic District use. The property features three suites, with a minimum divisible space of 1,376 square feet and a maximum contiguous space of 6,672 square feet. Currently, all 6,672 square feet are vacant and available for lease. Two units at 110 E Connecticut Ave boast prominent storefront windows, each individually leasing for $3,000 per month. The third unit, located at 150 E Connecticut Ave, offers 6,672 square feet, divided into three sections, and leases for $6,400 per month. This unit includes convenient off-street parking and a rear awning. The combined lease price for all three units is $12,400 per month. The property includes 14 total parking spaces. This is an ideal location for businesses seeking high visibility and accessibility in the heart of Downtown Southern Pines. The property's APN numbers are 00036585, 00038785, 00038786, and 00038782. The property is categorized as both retail and traditional office space, offering significant flexibility for a variety of business types.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.