Property profile

280 Shaw Ave Southern Pines, NC 28387

OFF-MARKET
Commercial land
Property ID
US53-5199586
0.3 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a newly constructed, single-tenant two-story flex building designed for contractor and service-oriented business uses. The ground floor contains a heated and cooled three-bay garage totaling 864 square feet. The upper level provides 766 square feet of office space, accessed by an exterior staircase, and includes a kitchenette, a restroom, and a storage closet. It is located at an end corner of Shaw Avenue and overlooks Highway 1, with no direct access to the highway, and sits just off Old US Highway 1 near Pinnacle Storage. The property is zoned GB (General Business) within the Urban Village Highway Corridor under the broader “GB & Highway” zoning designation.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.3 ac (13,024 SF)
Zoning code GB
APN 51893
UPID US53-5199586

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

280 Shaw Ave Southern Pines, NC 28387-6337
Southern Pines metro Census 950900 PINEHURST-SOUTHERN PINES, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
Last sale
$45,000
2 recorded transactions
2024
$45,000
2010
Price N/A

Zoning & alternative use

GB · Southern Pines, NC
Zoning description

Single-Family (5) RS-3 - Residential Single-Family (6) RM-1 - Residential Multi-Family Medium Density (7) RM-2 - Residential Multi-Family Low Density (B) Non-Residential or Mixed Use (1) CB - Central Business (2) GB - Ge…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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