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Listed by Keller Williams Elite Realty
$ 420,000
Est. payment /mo
Active
409 Carthage ST Sanford, NC 27330
5,573 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,573 sqft
Price per Sqft $75
MLS Listing ID 10168191
HOA Y/N No
Year Built 1920
Annual Tax Amount $3,527
Lot Size 5,573 Sqft
Acres 0.29
Lot Dimensions 100' × 127'
Property Sub-Type Mixed Use
Source Doorify MLS
Land Area 5573
Property Description
Rare opportunity to own a high-visibility corner asset in Sanford's Central Business District. This 5,573 SF mixed-use building sits on 0.29 acres with dual street frontage and delivers three income-producing units, 15 paved on-site spaces, and in-place cash flow. Strategic positioning supports owner-occupant, investor, or redevelopment plays. C-2 zoning, no flood risk, full public utilities, and adjacent Prince Hotel site cleared for new development drive substantial upside. Comparable downtown Sanford CBD sales have traded as high as $122/SF, significant value-creation runway for the right operator. Downtown momentum is accelerating. Act decisively.
Location
State NC
County Lee
Area 0.29
Zoning C-2
Interior
Fireplace No
Exterior
Garage No
Building
New Construction No
Others
Tax ID 964259613100
Acceptable Financing Cash
Listing Terms Cash
