120 Ash St Spring Hope, NC 27882
This exceptional commercial property, located at 120 S Ash Street in Spring Hope, North Carolina, presents a unique investment opportunity. The 19,500 square foot building sits on a 26,136 square foot lot, offering ample space for a variety of commercial uses. Its prime location on a main thoroughfare ensures excellent visibility and accessibility, attracting potential customers. The classic architecture and inviting facade create a strong first impression. The spacious interior allows for flexible layouts to accommodate diverse business needs. Convenient on-site and street parking is available. This property benefits from its proximity to major transportation arteries, including Highway 64/I-795 (approximately one mile away) and I-95 (16 miles away), providing easy access to Raleigh (approximately 40 minutes). Spring Hope offers a supportive business environment, fostering growth and networking opportunities. This property represents a compelling investment in a growing community with significant future potential. The asking price is $275,000. The property is zoned for commercial use and is ready for immediate occupancy. The building's versatile design makes it suitable for retail, office, or service-oriented businesses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB · Spring Hope, NCSpring Hope. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.