250 Sparta Road, North Wilkesboro, NC 28659
- $3,500,000
- List Price
- $3,500,000
- MLS#
- 4423374
- Status
- ACTIVE
- Property Type
- Commercial Sale
- Year Built
- 1989
- Days on Market
- 2
- Lot Size
- 439,956
- Lot Size Area
- 10.1
- County
- Wilkes
Property Description
Approximately an 8% CASH ON CASH return, plus extra land land to build more tenant space. Long established (37 years) 100% occupied 43,504 sq. ft. shopping center. Tenants are IGA Grocery Store, Spectrum, Walgreen's & Dollar Tree. Value add component of vacant land that would accommodate approximately 20,000 - 30,000 sq. ft. of additional retail buildings and parking. Parking lot milled as needed, repaved, sealed and striped in 2025. Exterior repainted in 2025. Roofs in excellent shape. Please do not conspicuously visit the interior of any tenant spaces without making prior arrangements with the listing agent. There are 2 outparcels that ARE NOT included in this offering. 1 is 1.64 acres available for $199,000, 1 is .64 acres available for $75,000. Prospective buyer's need to be prequalified/vetted. A serious/qualified buyer will need at least approximately $1,000,000 in cash to put into a purchase, or have a track record of similar or larger investments.
Additional Information
- Foundation
- Slab
- Heating
- Heat Pump
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Block, Brick Partial
- Roof
- Flat
- Parking
- Parking Lot
- Driveway
- Paved
- Lot Description
- Corner Lot, Level
- Zoning
- HB
- Special Conditions
- None
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Listing courtesy of Finley Properties II, LLC. bbush@wiscodiversified.com
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