1204 Us Hwy 21st S, Sparta, NC 28675-8645
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.