250 Sparta RD, North Wilkesboro, NC 28659
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$ 3,500,000
Est. payment | /mo

10.1 Acres Lot


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$ 3,500,000
Est. payment | /mo
Save

10.1 Acres Lot

Key Details

Property Type Commercial

Sub Type Retail Center

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4423374

Year Built 1989

Lot Size 10.100 Acres

Acres 10.1

Property Sub-Type Retail Center

Property Description

Approximately an 8% CASH ON CASH return, plus extra land land to build more tenant space. Long established (37 years) 100% occupied 43,504 sq. ft. shopping center. Tenants are IGA Grocery Store, Spectrum, Walgreen's & Dollar Tree. Value add component of vacant land that would accommodate approximately 20,000 - 30,000 sq. ft. of additional retail buildings and parking. Parking lot milled as needed, repaved, sealed and striped in 2025. Exterior repainted in 2025. Roofs in excellent shape. Please do not conspicuously visit the interior of any tenant spaces without making prior arrangements with the listing agent. Barry Bush 336-957-0877. bbush@wiscodiversified.com

There are 2 outparcels that ARE NOT included in this offering. 1 is 1.64 acres available for $199,000, 1 is .64 acres available for $75,000.

Prospective buyer's need to be prequalified/vetted. A serious/qualified buyer will need at least approximately $1,000,000 in cash to put into a purchase, or have a track record of similar or larger investments.

Location

State NC

County Wilkes

Zoning HB

Rooms

Basement Other

Interior

Heating Heat Pump

Cooling Heat Pump

Inclusions Building, Land

Exterior

Utilities Available Electricity Connected, Underground Utilities

Roof Type Flat

Street Surface Paved

Building

Lot Description Corner Lot, Level

Dwelling Type Site Built

Foundation Slab

Sewer Public Sewer

Water City

Structure Type Block,Brick Partial

New Construction false

Others

Senior Community false

Restrictions Use,Other - See Remarks

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Listed by Barry Bush • Finley Properties II, LLC • bbush@wiscodiversified.com

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250 Sparta RD