500 Main StSparta, NC 28675

Property Details for 500 Main St

Year built

2006

Lot size

1.03 AC

Property type

Office buildings

APN

3070875534

APU

3070875534

Description

This exceptional 1.78-acre commercial property boasts a prime location on Sparta's bustling Main Street, offering unparalleled visibility and accessibility. The 871 square foot building presents a versatile space ideal for a variety of businesses, benefiting from significant road frontage of approximately 230 feet. Its strategic position ensures high traffic exposure, attracting potential customers and maximizing business potential. The property's multiple access points enhance convenience, with entrances from Main Street, the Walgreens entrance, and Ball Park Road providing easy ingress and egress. Surrounded by established commercial businesses, this location offers a thriving and supportive commercial environment. The ample space and strategic positioning make this property an excellent opportunity for entrepreneurs and investors seeking a high-impact commercial presence in Sparta, North Carolina. The property's size and multiple access points offer significant flexibility for development and expansion, catering to a wide range of commercial uses. This is a rare opportunity to acquire a well-situated commercial property in a growing area with excellent visibility and convenient access. The established commercial presence in the immediate vicinity further enhances the property's value and potential for success. Don't miss this chance to secure a prime commercial location in the heart of Sparta.

• CAP approach

  CAP return

  Valuation

  6%

  $4,922,436

  6.5%

  $4,543,788

  7%

  $4,219,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,695,101

  Geo Method

  $7,597,778

• Alternative Use

  Use

  Valuation

  Residential

  $5,634,296

  Hospitality

  $5,160,986

  Educational

  $4,293,880

  Medical

  $4,441,552

  Retail

  $6,679,368

Location Insight

City

Sparta

County

Alleghany

State

North Carolina

Latitude

36.5002

Longitude

-81.114

Property Tax & Assessments

FAQs

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