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15 Chinquapin Rd
Pinehurst, NC 28374
Downtown Pinehurst Investment Opportunity · Retail Property For Sale
Executive Summary
Historic Downtown Pinehurst Investment Opportunity
Located in the heart of downtown Pinehurst, 15 Chinquapin Road presents a unique opportunity to own a historic commercial property with a strong tenant mix and 100% occupancy. Originally built in 1921 for the Bank of Pinehurst, the ±9,500 SF building offers a distinctive combination of historic character and established commercial use.
The property spans four levels, including a basement, two primary commercial floors, and a potential third-floor space that could accommodate future commercial or residential use. The current tenant mix includes retail, service, and office uses, with established tenants including Agora Bakery and Cafe, Form V Chocolates, Harlow A Lux Salon, and Moore County Economic Development Partnership.
With its historic significance, downtown location, diverse tenant mix, and full occupancy, 15 Chinquapin Road offers an exceptional opportunity for an investor seeking a distinctive commercial property in Pinehurst.
Located in the heart of downtown Pinehurst, 15 Chinquapin Road presents a unique opportunity to own a historic commercial property with a strong tenant mix and 100% occupancy. Originally built in 1921 for the Bank of Pinehurst, the ±9,500 SF building offers a distinctive combination of historic character and established commercial use.
The property spans four levels, including a basement, two primary commercial floors, and a potential third-floor space that could accommodate future commercial or residential use. The current tenant mix includes retail, service, and office uses, with established tenants including Agora Bakery and Cafe, Form V Chocolates, Harlow A Lux Salon, and Moore County Economic Development Partnership.
With its historic significance, downtown location, diverse tenant mix, and full occupancy, 15 Chinquapin Road offers an exceptional opportunity for an investor seeking a distinctive commercial property in Pinehurst.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,500 SF
Building Class
C
Year Built/Renovated
1921/2020
Price
$4,826,290 CAD
Price Per SF
$508.03 CAD
Cap Rate
5.94%
NOI
$286,820 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.95
Lot Size
0.23 AC
Zoning
VC - VC - Village Commercial and Historic Preservation Overlay
Property Taxes
| Parcel Number | 8552-12-96-8400 | Improvements Assessment | $1,421,232 CAD |
| Land Assessment | $517,447 CAD | Total Assessment | $1,938,679 CAD |
Property Taxes
Parcel Number
8552-12-96-8400
Land Assessment
$517,447 CAD
Improvements Assessment
$1,421,232 CAD
Total Assessment
$1,938,679 CAD
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