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6-Suite Spa & Wellness Property

1309 E Ash Street, Goldsboro, NC 27530

For Sale
$269,900

Commercial Sale, Goldsboro, NC

Property Size1,404 SF
Lot Size0.24 Acres
Price / SF$192.24
Days on Market112

Property Features for 1309 E Ash Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R-9
Subdivision Greenfield
Directions Heading E. on Ash Street turn left on the Ash Street loop just across from ASH/OLEANDER intersection.
Standard status Active
APN 12000105006019
Size 1,404 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LT 4 BLK B GREENFIELD
Tax Annual Amount 1621
Legal Description LT 4 BLK B GREENFIELD

Utilities

Heating system Electric (Heating)

Amenities

individually plumbed suites
exterior break area

Building Details

Year built 1943
Listing Agency: Wilkins & Lancaster Realty, LLC
Listed By: Riley Wilkins · License NC #285525
Added: Jul 22 Changed: Oct 20 Last Checked: Nov 10 at 5:06PM
MLS# 100590881

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Located at 1309 E Ash Street in Goldsboro, this 1,404-square-foot commercial property is configured for beauty and wellness operations. The building contains six separate suites, each with individual plumbing, and the current use is a beauty salon. The 1943 building is heated by electricity and has been maintained over the years.

Asphalt paving encircles the building, with parking positioned along the sides and rear. A 14 x 20 attached carport at the rear has been converted into an exterior break area. The property occupies 0.24 acres and carries R-9 zoning.

Key Highlights

  • Six separate suites, each individually plumbed
  • 1,404‑square‑foot commercial building on 0.24 acres
  • Current beauty salon configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$17,230
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,600 $344.6K
Cap Rate 7%
$246,143 $246.1K
Cap Rate 9%
$191,444 $191.4K
Market Conditions
NOI Build-Up for 1,404 SF
Gross rent
$25.3K $18.00/SF
− Vacancy
−$657 −$0.47/SF
EGI
$24.6K $17.53/SF
− OpEx
−$7.4K −$5.26/SF
NOI
$17.2K $12.27/SF
Area
Wayne County, NC
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,600
Cap Rate 7%
$246,143
Cap Rate 9%
$191,444

Alternative Uses

Best Use
Retail
$246.1K
$215.4K – $287.2K (±1% cap)
NOI $17,230 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$987.7K – $1.32M (±1% cap)
NOI $79,014 @ 7.0% cap · market cap 29.28%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

His & Hers Styling ... Nail Salon

Suggested Use

Top Pick Pharmacy Real Estate Agency Parking Lot & Garage Kitchen & Bath Showroom Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

474
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 46% Dining 37% Shops & Services 17%
Piggly Wiggly Groceries
8,777 visits/mo 0.4 miles
KFC Dining
4,691 visits/mo 0.5 miles
H&R Block Shops & Services
2,717 visits/mo 0.5 miles
Great Harvest Bread Co. Dining
2,303 visits/mo 0.5 miles
Jackson Hewitt Tax Service Shops & Services
442 visits/mo 0.4 miles

Demographics for 27530, NC

37,470
Population
17,796
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
89%
High-School Grad
106.5 sq mi
ZIP Area
352
Density / Sq Mi
$55,507
Median Household Income
$37,696
Median Earnings
$827
Median Rent
$176,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Similar Off Market Nearby

  • DRTC Advisors Goldsboro — us-70 bus, goldsboro, nc 27530

Frequently Asked Questions

What type of property is this?
Spa & wellness property - Existing salon configuration includes individually plumbed suites, side and rear parking, and a converted rear break area.
Where is this spa & wellness property located?
The property is located at 1309 E Ash Street Goldsboro, NC.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Six separate suites, each individually plumbed; 1,404‑square‑foot commercial building on 0.24 acres; Current beauty salon configuration
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Includes: Price & PSF · Cap rate · Location · Zoning

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