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.
Address
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Address: 250 Sparta Road, North Wilkesboro, North Carolina 28659
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City: North Wilkesboro
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State/county: NC
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Zip/Postal Code: 28659
Details
Updated on September 11, 2026 at 6:41 pm-
Property ID 4423374
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Price $3,500,000
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Year Built 1989
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Property Type Retail Center, Commercial Sale
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Property Status Active, For Sale
Additional details
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Listing Terms Cash
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Roof Flat
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Utilities Electricity Connected, Underground Utilities
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Sewer Public Sewer
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Cooling Heat Pump
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Heating Heat Pump
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County Wilkes
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Property Type Commercial Sale
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Parking Parking Lot
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Down Payment
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Loan Amount
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Property Tax
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Contact Information
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