409 Carthage Street, Sanford, NC 27330
Lee County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1920
Living Area
5,573 sq ft
Lot Size
0.29 acres
Lot Dimensions
100' × 127'
Zoning
C-2
Days on Market
71
MLS® Listing#
10168191
Property Features
Construction
Financial Details
Annual Taxes
$3,528
Tax year 2025
Assessed Value
$464,200
Parcel Number
964259613100
Directions
From US-1/US-421, take the Sanford exit toward Downtown Sanford. Continue onto Carthage St heading into downtown. Property is located at 409 Carthage St on a prominent corner lot near Wicker St in the Central Business District. Property on right.
Affordability Calculator
$84,000
Estimated monthly payment
$2,235/mo
Principal $336,000 · Est. interest $468,750 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sanford, NC
- $351,928
- Median Listing Price
- 63
- Median Days on Market
- 2,150
- Median Sq Ft
- $170
- Median Price / Sq Ft
- 635
- Active Listings
- This home’s price is 19% above the area median.
- Its price per sq ft is 56% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sanford, NC.
Location
Points of Interest in Sanford, NC
Showing the Sanford area map.
Nearby Schools
Lee County Schools Career and Technical Education
School · 0.3 mi away
W B Wicker Elementary School
Elementary · 0.4 mi away
Montessori School of Sanford
Elementary · 0.5 mi away
Nicole's Nest II
School · 0.5 mi away
Warren Williams School
Elementary · 1.0 mi away
Lee County Schools
School · 1.3 mi away
Bragg Street Academy
School · 1.3 mi away
Floyd L Knight Center
School · 1.4 mi away
Lee Christian School
Secondary · 1.7 mi away
Abundant Life Children's Center
School · 1.8 mi away
BT Bullock Elementary School
Elementary · 1.9 mi away
West Lee Middle School
Secondary · 2.0 mi away
J R Ingram Junior Elementary School
Elementary · 2.1 mi away
Lee County High School
Secondary · 2.1 mi away
Lee Early College
Secondary School · 2.2 mi away
Sanlee Middle School
Secondary · 2.9 mi away
Southern Lee High School
Secondary · 3.0 mi away
J. Glenn Edwards Elementary School
Elementary · 3.3 mi away
Tramway Elementary
Elementary · 3.7 mi away
East Lee Middle School
Secondary · 4.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 181 Cameron Pines Drive, Sanford, NC | $295,000 | 3 | 3 | 2,298 |
| 4915 Pioneer Drive, Sanford, NC | $295,000 | 3 | 2 | 1,468 |
| 4915 Pioneer Drive, Sanford, NC | $295,000 | 3 | 2 | 1,468 |
| 4915 Pioneer Drive, Sanford, NC | $295,000 | 3 | 2 | 1,468 |
| 181 Cameron Pines Drive, Sanford, NC | $295,000 | 3 | 3 | 2,298 |
| LOT 3 & 4 Central Drive, Sanford, NC | $296,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Sanford
Listing Courtesy: Keller Williams Elite Realty - 9842445830
Last Updated: 2026-05-07