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    OFF-MARKET
    Retail properties & Spaces

    11742 Sparta Rd, McGrady, NC 28649

    Built 1963
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail property at 11742 Sparta Road, McGrady, NC, presents a unique investment opportunity. Situated on a busy highway leading to the stunning Western North Carolina mountains, this location offers high visibility and ample traffic. The building boasts extensive recent updates, including a new entry door, windows, HVAC system, electrical and plumbing, a renovated bathroom, LED lighting, new gutters, and an epoxy floor. Coolers and fixtures are included in the sale. The property features ample parking both in front and behind the building, creating convenient access for customers. Enjoy a serene atmosphere with mountain views and a flowing creek at the rear. Its strategic location makes it an ideal rest stop for travelers heading to the Blue Ridge Parkway or the New River. The substantial road frontage ensures maximum exposure. Furthermore, the unfinished basement offers potential for approximately 1100 square feet of additional living space, already framed in. This property is priced at $189,000 and presents a compelling opportunity to capitalize on the significant summer tourist traffic to the mountains. The lot size is 0 acres.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1963
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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