Property profile

13780S 226 Hwy Spruce Pine, NC 28777

OFF-MARKET
Lifestyle centers
14,455 SF 2.93 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a rare chance to acquire a highly visible, established commercial property in Spruce Pine, North Carolina. Situated on 2.93 acres of land with approximately 673.8 feet of combined road frontage on both sides of NC Highway 226, this property boasts a daily traffic count of 13,000 vehicles. The location is strategically positioned between the Blue Ridge Parkway exit (Mile Marker 3312) and the NC Mineral Museum, and is also close to a Walmart Super Center. The property includes over 14,455 square feet of combined structures, featuring a 7,318.12 square foot commercial building/warehouse, 4,386.26 square feet of retail/business shops, a 452.32 square foot 1-bedroom, 1-bathroom log cabin, and a 2,299 square foot 4-bedroom, 2-bathroom home with an in-ground pool. City water, sewer, and natural gas are available. The property also offers over 450 feet of frontage on both sides of the East Fork of Grassy Creek, providing ample space for expansion. This location is within a 10-minute drive of major area employers, including mining operations, manufacturing facilities, a regional hospital campus, a dental school, government agencies, and educational institutions, employing over 7,000 people. The property is also conveniently located 30 minutes from Lake James, Marion, and I-40; and 50 minutes from Asheville and Boone, North Carolina. This property is ideally suited for a variety of uses, including retail, restaurants, light manufacturing, medical services, and more. The asking price is $1,900,000.

Property profile

Verified
Property type Lifestyle centers
Total area 14,455 SF
Lot 2.93 ac (127,631 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13780S 226 Hwy Spruce Pine, NC 28777
Spruce Pine metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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