14622 226 HwySpruce Pine, NC 28777

For Sale
$460,000

High-traffic location, owner financing available.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 14622 S 226 Hwy in Spruce Pine, NC, presents a rare investment opportunity. The 1,217 square foot building, constructed in 1987, sits on a 0.75-acre lot (APN: 0798-00-62-5177) and boasts approximately 200 feet of road frontage on a major thoroughfare, experiencing over 5,500 vehicles per day. The property features a flexible floor plan, including a private office and ADA-accessible amenities. A basement is also included. The building is zoned for a variety of commercial uses, such as retail, office space, medical clinics, showrooms, or studios. This prime location benefits from the area's vibrant commercial activity, ensuring high visibility and potential customer traffic. The asking price is $460,000 ($378 per square foot). Owner financing is available, with a potential down payment of $200,000 and a 4.5% interest rate amortized over 25 years, including a 7-year balloon payment. The monthly payment is projected to be under $1,500. A successful existing business is included in the sale, with the option to purchase all fixtures, equipment, and inventory. A non-disclosure agreement is required to review detailed business financials. This property is ideal for owner-occupiers or investors seeking a high-return commercial space with significant upside potential.

Highlights

  • Rare opportunity to acquire a successful gem mine business grossing $200,000+ annually.
  • 1,217 sq ft freestanding building on a 0.75-acre lot with 200 ft of road frontage on a high-traffic thoroughfare (5,500+ vehicles daily).
  • Flexible zoning allows for various commercial uses including retail, office, medical, showroom, and studio.
  • Owner financing available: $200,000 down payment, 4.5% interest, 25-year amortization with a 7-year balloon payment; projected monthly payment under $1,500.
  • Includes existing business, fixtures, equipment, and inventory; NDA required for detailed financials.

Property Details for 14622 226 Hwy

Property type
Other retail properties, Individual retail properties
Square Feet
1,217 SF
Year Built
1987
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Spruce Pine
County
Mitchell
State
North Carolina
Latitude
35.8611714
Longitude
-82.048865
14622 226 Hwy, Spruce Pine, North Carolina
Leaflet | © OpenStreetMap contributors

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at support@realmo.com and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.
14622 226 Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size Select options
Please enter message