128 Carthage St, Sanford, NC 27330
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CENTRAL BUSINESS DISTRICT · Sanford, NCSanford. Always verify with local authorities before improvements.
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.