The Town of Southern Pines and First Bank are pleased to jointly announce that the Town will purchase the First Bank Corporate Office property at 300 SW Broad Street in downtown Southern Pines. First Bank has officially accepted the Town’s offer of $6.4 million for the approximately 21,000-square- foot building located at the corner of SW Broad Street and W. Massachusetts Ave.
“For too long, our Town operations have been spread across multiple older buildings, many of which require extensive—and costly—renovations to remain functional. By bringing a significant number of our staff together under one roof—in our first official Town Hall—we will improve efficiency, make it easier for residents to access services and reduce the long-term maintenance expenses that come with operating multiple aging properties,” shared Mayor Taylor Clement in a press release.
The property presents a significant opportunity for the Town to address long-term facility and space needs and also create a centralized civic campus. With minor renovations, the four-story building will serve as the Town Hall, housing multiple departments along with a dedicated Council Chambers. The purchase follows years of facilities planning and evaluation after a 2019 assessment identified structural and accessibility deficiencies in the Town’s existing Finance and Administration buildings. Renovation estimates for those facilities were a minimum of $4 million, with limitations for added space due to aging infrastructure and tight building footprints…