37 Wyatt Ave Spruce Pine, NC 28777
This exceptional 2.05-acre parcel in Spruce Pine, North Carolina, presents a unique retail investment opportunity. The property features a brand-new, tastefully constructed 1,703 square foot building, completed in 2023. Conveniently located near Spruce Pine, Penland, and Burnsville, this property offers unparalleled accessibility. There are no HOA or rental restrictions, providing maximum flexibility for the buyer. The building boasts energy efficiency, achieved through superior wall construction utilizing open-cell spray foam insulation as the main framing. The main floor features an open great room seamlessly flowing into the kitchen, along with a primary bedroom and a full bathroom. Upstairs, two additional bedrooms and another full bathroom provide ample space. The asking price is $449,999, translating to $275.92 per square foot. This property is ideal for a variety of retail uses and presents a compelling investment opportunity in a desirable location. The address is 37 Wyatt Ave, Spruce Pine, NC 28777. The property's prime location and modern construction make it a truly remarkable offering. Don't miss this chance to own a piece of the beautiful North Carolina mountains.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.