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    OFF-MARKET
    Grocery and convenience stores

    1204 Us Hwy 21st S, Sparta, NC 28675-8645

    0.39 ac lot Built 1996
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US53-4386458
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1204 US Highway 21 S in Sparta, NC, presents a unique investment opportunity. The building features two separately metered spaces, currently operating as a successful laundromat and a studio/office. The laundromat boasts fourteen new (2024) washers and twelve new (2024) dryers, all credit card and coin-operated, and is included in the sale. This section also includes several additional offices and a separate entrance. The second space is currently used as a studio, offering versatility for various business uses. The property's history includes use as a two-bay garage, with overhead doors still intact, allowing for easy conversion back to this configuration if desired. The paved parking lot was recently updated (within the last few years), ensuring ample parking for tenants and customers. High-speed fiber optic internet and a recently upgraded 400 AMP electrical service (2024) provide modern infrastructure. This income-producing property offers significant potential for growth and diverse uses, making it an attractive investment in a desirable location. The property sits on a 0-acre lot. The asking price is $345,000. The building's square footage is not currently available. This property is ready for a new owner to capitalize on its existing income stream and explore its many possibilities.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1996
    Lot 0.39 ac (16,988 SF)
    APN 3080057495
    UPID US53-4386458
    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
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Judith Lavoie · 2 yrs held
    Judith Lavoie
    since 2024
    Last sale
    $200,000
    5 recorded transactions
    2024
    2023
    $200,000
    2022
    $130,000
    2018
    $126,000
    2011
    $82,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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