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    14622 226 Hwy Spruce Pine, NC 28777

    For Sale
    $460,000

    High-traffic location, owner financing available.

    Property size:
    1,217 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

    Property Features for 14622 226 Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,217 SF
    Lot Size
    32,670 SF

    Building Details

    Year Built
    1987

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spruce Pine
    County
    Mitchell
    State
    North Carolina
    Longitude
    -82.048865
    Latitude
    35.8611714

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, owner financing available.
    Where is this individual retail property located?
    The property is located at 14622 226 Hwy Spruce Pine, NC.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: 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.
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    Spruce Pine, NC 28777
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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
    14622 226 Hwy Spruce Pine, NC 28777
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