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409 Carthage St
Sanford, NC 27330
5,573 SF Value-Add Mixed-Use Investment · Office Property For Sale
Investment Highlights
- Hard-Corner CBD Site - 100' x 127' Dual Street Frontage
- C-2 Zoning | 15 Paved Spaces | Full Public Utilities
- Adjacent Prince Hotel Site Cleared for Redevelopment
- 5,573 SF Mixed-Use | 3 Income-Producing Units
- Value-Add Upside - Area Comps Trading to $122/SF
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,573 SF
Building Class
B
Year Built
1920
Price
$420,000
Price Per SF
$75.36
Percent Leased
Vacant
Building Height
1 Story
Typical Floor Size
5,573 SF
Building FAR
0.44
Lot Size
0.29 AC
Zoning
C-2 - Commercial Business
Parking
15 Spaces (2.69 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Air Conditioning
Property Taxes
| Parcel Number | 9642-59-6131-00 | Improvements Assessment | $388,000 |
| Land Assessment | $76,200 | Total Assessment | $464,200 |
Property Taxes
Parcel Number
9642-59-6131-00
Land Assessment
$76,200
Improvements Assessment
$388,000
Total Assessment
$464,200
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