INNOVATE Real Estate
No photos available for this listing

$1,920,000

1295 Old Us 1 Highway, Southern Pines, NC 28387
Southern Pines, NC 28387
Listed by Holly Spofford Bell · Carolina Summit Group, LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1966

About this home

Offered for sale, this well-maintained multi-tenant commercial property along Old US 1 Hwy includes three buildings totaling +/- 14,003 SF: a 2,008 SF two-story office at 1275-1285, an 8,985 SF two-story office at 1295, and a 3,010 SF single-story storage building at 1297. The asset is fully leased with primarily NNN leases, providing stable income. Current Cap Rate 7.97%. The site offers 44 parking spaces and is zoned GB (General Business) within an Urban Village Highway Corridor, with portions located in the city limits and the remainder in the ETJ.

Property details

MLS #
100598048
Property type
Improved
Subdivision
Not In Subdivision
Status
Active
Days on market
48
On market date
August 21, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.99 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Southern Pines Elementary
1.1 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
611
Student:teacher ratio
15.7:1
District
Moore County Schools
Middle
Southern Middle
1.32 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
630
Student:teacher ratio
15.8:1
District
Moore County Schools
High
Pinecrest High
2.11 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.4
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,219
Student:teacher ratio
21.1:1
District
Moore County Schools

Walkability

Blended score for Southern Pines's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

57
Somewhat walkable
out of 100
EPA National Walkability Index
11.3 / 20 -- Above average walkable

Mortgage calculator

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Est. monthly payment
$11,712/mo
$384,000 down
$1,536,000 loan
Principal & interest$9,962
Property tax (est.)$1,600
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated August 21, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.