105 Magnolia Avenue, Pinehurst, NC 28374

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105 Magnolia Avenue Pinehurst, NC 28374

Description

The owners' business (Lyne's Furniture Gallery) currently occupies the majority of the main building and the detached "Carriage house" (712 sf) is leased on amonth to month basis for $1,250 per month-net lease. Current zoning permits a multitude of uses including residential use of the 2nd & 3rd floors. I havedetailed information on historic significance including a detailed list of the house contents in 1906. The seller may wish to rent some space from the newowner if possible. *Building only for sale. BUSINESS IS NOT FOR SALE AT THIS TIME. Own a piece of Pinehurst history. One of the most beautiful properties in the village & the only retail bldg. in the village w/ on site parking. 1st offering in over30 years. The Mystic Cottage was the 1st home of the Leonard Tufts family & is rich in history & architecture. The home has been carefully restored & hasreceived numerous updates over the years. Over 6,000 sf of rentable floorspace (includes the carriage house) & over 2,400 sf of covered porch space. Elevator.

Contact Info

Agent: Tammy Lyne

Keller Williams - Pinehurst, NC

P (910) 692-5553

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$1,800,000

105 Magnolia Avenue
Pinehurst, NC 28374

Commercial Building

ID#: 132052-28374

Real Estate Market Info

Median Home Sale Price
$243,500
Annual Turnover Rate
20.33%
In current residence 5+ years
30.34%
Median years in residence
2.96
Homes Owned
63.17%
Homes Rented
13.70%
Homes Vacant
23.13%

*Based on zipcode 28374

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Information is deemed reliable but not guaranteed.