Southern Pines Warehouse

Industrial for Sale
Sale Pending
Catylist Listing ID: 30223814
Property Subtypes: Flex Space, Free-Standing, Office Showroom, Warehouse/Distribution
Status: Pending
Building Size (RSF): 9,600 SF
Sale Price: $799,000
Unit Price: $83.23 PSF
Property Use Type: Vacant/Owner-User, Business
Usable Size (USF): 9,600 SF
Sale Terms: Undisclosed, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/18/2018

Overview / Comments

9600sf metal building with block facade on .8 acres in the heart of the Southern Pines business corridor. Covered loading area with dock high door into storage area. Host of offices on the interior that can be used as is or that can be completely deconstructed and customized (no load bearing walls on the interior).
Property is on the corner of Turner and Davis, about 2,000 feet off of 15/501. Business neighbors are varied - professional offices, supply companies, car dealers, gymnasiums. Seller will install 3 new AC units at closing as well as offer $25,000 in additional improvements. This building is ripe for redevelopment by owner-occupant.

Additional Details

Nearest MSA: Pinehurst-Southern Pines
County: Moore
Tax ID/APN: 857114342683
Property Located Between: 15/501 and Hubbard Pipe
Highway Access: 15/501 and US 1
Site Description: Slightly sloping, maximized parking
Area Description: Southern Pines business district
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,600 SF
Property Condition: Fair
Year Built: 1998
Parking Type: Surface
Heat Source: Heat Pump
Air Conditioning: Other
Interior Description: Built as predominantly warehouse space - modified with offices and classrooms by a private school - deconstruction possibility unlimited
Zoning Description: General Business - most commercial uses approved - see and go to section 3.5.9
Lot Frontage: 235 & 150
Lot Depth: 150 & 235
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: sole proprietor
Legal Description: Yadkin Park Lot 9

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,842 19,931 38,207
Median Age: 35.31 45.45 47.63
Households: 1,257 9,382 17,375
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