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Property profile & analytics
OFF-MARKET Estimated value $880,000
Office buildings

235 Pennsylvania Ave Southern Pines, NC 28387-6125

0.9 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US53-5197066
Property summary
AI-generated overview

This exceptional 4,995 square foot office building, situated at 235 E Pennsylvania Ave in Southern Pines, NC, presents a fantastic leasing opportunity. Built in 1973 and extensively renovated in 2021, this Class B property boasts 15 individual suites within a single-story building, ideal for multiple tenants. The 0.89-acre lot provides ample parking with 26 spaces. Conveniently located on the corner of E Pennsylvania Avenue and N Ashe Street, the building offers easy access to the vibrant downtown area, including restaurants, retail shops, and the post office. Shared amenities include a reception area, conference room, and kitchenette. Utilities are included in the lease, with high-speed wireless internet available for an additional monthly fee of $35. The property is zoned for Central Business with Downtown Overlay Zoning District and features the APN 858106373979. This is a rare opportunity to secure professional office space in the desirable Downtown Southern Pines submarket of Moore County.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Lot 0.9 ac (39,117 SF)
Zoning code MULTI
APN 37831
UPID US53-5197066
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tina Adams Remax of the Pines Real Estate Agency
  • Bell Manley Real Estate Real Estate Agency
  • Laura Lycans Real Estate Agency
  • Real Estate Investments & Services Real Estate Agency
  • TCI Software Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$930k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$880k
Owner & transaction history
235 E Pennsylvania LLC · 4 yrs held
235 E Pennsylvania LLC
since 2021
Last sale
$825,000
2 recorded transactions
2021
$825,000
2010
Price N/A
Zoning & alternative use
MULTI · Southern Pines, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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