1035 Old Us Highway 1 Southern Pines, NC 28387
Exceptional development opportunity awaits with this 2.86-acre commercial land parcel situated along Old US Hwy 1 in Southern Pines, NC. This property boasts significant frontage on Old US Hwy 1, Bell Avenue, and SW Broad Street, offering unparalleled visibility and accessibility. Comprised of five parcels (APN: 20030332, 00055811, 00056306, 00056305, 20050325), the land is zoned GB - General Business, allowing for a wide range of commercial uses. The property enjoys a high traffic count of 8,500 AADT, ensuring substantial exposure for any development. The majority of the land lies within the city limits, with one parcel located in the extraterritorial jurisdiction (ETJ). Located less than a mile from downtown Southern Pines, this site presents a unique blend of high visibility, convenient access, and flexible zoning, making it ideal for a variety of commercial ventures. The asking price is $1,750,000. This is a rare opportunity to acquire a substantial commercial property in a thriving North Carolina community.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.