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    120 Ash St Spring Hope, NC 27882

    Sponsored
    For Sale
    $275,000

    19,500 SF Commercial Property, $275K

    Property size:
    19,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 120 S Ash Street in Spring Hope, North Carolina, presents a unique investment opportunity. The 19,500 square foot building sits on a 26,136 square foot lot, offering ample space for a variety of commercial uses. Its prime location on a main thoroughfare ensures excellent visibility and accessibility, attracting potential customers. The classic architecture and inviting facade create a strong first impression. The spacious interior allows for flexible layouts to accommodate diverse business needs. Convenient on-site and street parking is available. This property benefits from its proximity to major transportation arteries, including Highway 64/I-795 (approximately one mile away) and I-95 (16 miles away), providing easy access to Raleigh (approximately 40 minutes). Spring Hope offers a supportive business environment, fostering growth and networking opportunities. This property represents a compelling investment in a growing community with significant future potential. The asking price is $275,000. The property is zoned for commercial use and is ready for immediate occupancy. The building's versatile design makes it suitable for retail, office, or service-oriented businesses.

    Property Features for 120 Ash St

    General Information

    Property type
    Land
    Square Feet
    19,500 SF

    HighLights

    • $275,000 asking price.
    • 19,500 square foot building on a 26,136 square foot lot.
    • Located at 120 S Ash Street, Spring Hope, NC 27882, approximately 1 mile from Hwy 64/I‑795 and 16 miles from I‑95.
    • Versatile building suitable for retail, office, or service businesses.
    • Ample on‑site and street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hope
    County
    Nash
    State
    North Carolina
    Longitude
    -78.1119641
    Latitude
    35.9425173

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    FAQs

    What type of property is this?
    Land - 19,500 SF Commercial Property, $275K
    Where is this land located?
    The property is located at 120 Ash St Spring Hope, NC.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price.; 19,500 square foot building on a 26,136 square foot lot.; Located at 120 S Ash Street, Spring Hope, NC 27882, approximately 1 mile from Hwy 64/I-795 and 16 miles from I-95.
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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
    120 Ash St Spring Hope, NC 27882
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