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Property profile & analytics
OFF-MARKET Estimated value $3,320,000
Retail space

120 Ash St Spring Hope, NC 27882

19,547 SF 0.59 ac lot Built 1921
Entity Owned Absentee Owner Free & Clear
Property ID
US53-2490776
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1921
Total area 19,547 SF
Lot 0.59 ac (25,700 SF)
Zoning code CB
APN 276906-29-8183
UPID US53-2490776
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.40M
Blend (final) Blend
$3.32M
Owner & transaction history
TED LEE BISSETT II TR (1/22)
TED LEE BISSETT II TR (1/22)
Zoning & alternative use
CB · Spring Hope, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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