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    113 Spruce St Wilson, NC 27893

    For Sale
    $1,300,000

    Large lot, high-traffic location. Great investment!

    Property size:
    24,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property, located at 113 SPRUCE Street W in Wilson, North Carolina, presents a significant investment opportunity. Boasting a substantial 24,000 square feet of space, this general commercial building sits on a generous 1.74-acre lot, offering ample room for expansion, parking, or outdoor operations. The property's strategic location within Wilson ensures high visibility and accessibility, making it ideal for a variety of businesses. The asking price is $1,300,000, reflecting the property's size, location, and potential. The substantial square footage allows for diverse configurations to suit various business needs, from retail to warehousing, or office space. The expansive lot provides significant flexibility for future development or expansion projects. Given its size and location, this property is well-suited for businesses seeking a prominent presence in the thriving Wilson market. The property's potential for growth and adaptability makes it an attractive investment for both established businesses and entrepreneurs looking to establish a strong foothold in the community. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is ready for immediate occupancy and offers a unique chance to acquire a significant commercial asset in a desirable location.

    Property Features for 113 Spruce St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    24,000 SF
    Lot Size
    75,794 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.91925
    Latitude
    35.72388

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    FAQs

    What type of property is this?
    Commercial real estate - Large lot, high-traffic location. Great investment!
    Where is this commercial real estate located?
    The property is located at 113 Spruce St Wilson, NC.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (252) 292-0615
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    113 Spruce St Wilson, NC 27893
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113 Spruce St Wilson, NC 27893
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