Listed by Lee & Associates - Raleigh Durham
$1,200,000
Masonic Temple
Details
Property Type Mixed Use
Sub Type Apartment, Office
Square Footage 17,816
Year Built 1924
Year Renovated 2021
Stories 4
Building for Sale in Downtown Sanford
Marketing description
Located in the Heart of Downtown Sanford, the Former Masonic Temple Was a Center of the Community for Over 50 Years. Constructed in 1924, the Building Was Home to the Sanford Masonic Lodge 151 Until the 1980s. The Ground Level Floor Was Originally Occupied by Cole’s Pharmacy and Featured a Vintage Soda Bar. Next Door Was the Temple Theatre Which Showcased Vaudeville and Burlesque Road Shows in the 1930’s. Lodge Meetings Were Held on the Upper Floors. While the Building’s Interior Has Undergone Renovations Necessary for Modern Life, Unique Architectural Details Have Been Preserved. The Top Floors Are Suitable for Office or Apartments. The First Floor Has Most Recently Been Used for Street Level Retail. The Basement Floor is Home to Nunnery’s Shoes, but Also Has Space That Would Be Ideal for a “speakeasy” Style Bar That Would Be in Keeping With This Prohibition Era Building!
Investment highlights
- Mixed-use Building Located in the Heart of Downtown Sanford at the Intersection of Carthage Street and N. Steele Street
- Ground Level and Basement Retail Opportunities
- Top Two Floors Can Be Utilized as Office or Apartments
- New Roof Added in 2021
- Added to the National Register of Historic Places in 1984, Historic Tax Credits Available for Qualifying Renovations
- Property Has Unique Architectural Details Such as Ornate Stairwells, Elevated Stage on Main Floor, Secret Rooftop Entrance, and Original Coal Shoot in the Basement
- Asking Price of $1,200,000
Listing Contacts
Listed by Lee & Associates - Raleigh Durham
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
