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    219 Sparta Rd North Wilkesboro, NC 28659

    Sponsored
    For Sale
    $750,000

    11-acre development site, 84-unit approval.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11-acre development opportunity in North Wilkesboro, NC, presents a unique chance to build a substantial multifamily project. Approved for 84 apartment units, this fee-simple property boasts 1,130 feet of frontage on Highway 18/Sparta Road, offering high visibility and accessibility. The site is zoned Highway Business within the North Wilkesboro ETJ (Extraterritorial Jurisdiction), providing flexibility for development. Its prime location is directly across from a thriving shopping center anchored by Just Save, Dollar Tree, Walgreens, CVS, and a Valero convenience store, ensuring high demand and convenient amenities for future residents. Recently installed sewer lines run along the entire property frontage, simplifying infrastructure development. While situated within the North Wilkesboro Highway Business Overlay District and Watershed Overlay District, the property's potential is undeniable. Natural gas service is available approximately 1,000 feet away. Wilkes County Tax Parcel #1400854. The asking price is $750,000. Contact the North Wilkesboro Planning Department at 336-667-7129 for additional information regarding zoning and development regulations.

    Property Features for 219 Sparta Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    479,160 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Hair Salon Nail Salon Auto Repair Shop Pharmacy Auto Parts Store Department Store Daycare Center Grocery Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    North Wilkesboro
    County
    Wilkes
    State
    North Carolina
    Longitude
    -81.153543022176
    Latitude
    36.199920255657

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    FAQs

    What type of property is this?
    Multifamily property - 11-acre development site, 84-unit approval.
    Where is this multifamily property located?
    The property is located at 219 Sparta Rd North Wilkesboro, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    Request Owner's contact information
    219 Sparta Rd North Wilkesboro, NC 28659
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    North Wilkesboro, NC 28659
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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
    219 Sparta Rd North Wilkesboro, NC 28659
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