Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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