869 Highway 105 Ext, Boone, NC 28607 (MLS # 215377)

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PRICE $2,150,000 dsIDX morgage calculator
SIZE n/a
LOT SIZE 35,284 sqft

OUTSTANDING OPPORTUNITY to own a fully leased professional plaza in a QUALIFIED OPPORTUNITY ZONE (QOZ) for incredible IRS advantage for investors seeking favorable treatment of capital gains from sale of other investments - consult CPA & investment advisor for particulars. A pair of 2 story buildings with 55+ space paved parking lot in highly visible business district. Great blend of tenants and Leases do not exceed 3 year remaining terms and have built-in annual increases. 10 units (7 business & 3 residential apartments). Roofs replaced and parking deck retaining wall updated within past 3 years and parking lot just sealed & striped. Lower units have individual heat pumps, upper units have window units. Tenants pay electric, Landlord pays water/sewer/trash. Property is priced to sell and performs very well with $147,300 gross scheduled income and 6% CAP rate. Multi-dimension investment in a dynamite location with the benefit of current cash flow, DOZ tax advantages & redevelopment potential in future years.

DAYS ON MARKET 35 LAST UPDATED 6/13/2019
TRACT None YEAR BUILT 1978
COMMUNITY 1-Boone, Brushy Fork, New River COUNTY Watauga
STATUS Active PROPERTY TYPE(S) Commercial

SCHOOLS
School DistrictHardin Park


ADDITIONAL DETAILS
AIRWindow A/C
AREA1-Boone, Brushy Fork, New River
CONSTRUCTIONBrick
HEATHeat Pump-Electric, Wall/Space
INTERIORRestrooms
LOT0.810 acre(s)
PARKING25+ Spaces,Paved,Parking Lot
SEWERCity
STORIES2
SUBDIVISIONNone
TAXES7555.23
UTILITIESHigh Speed Internet
WATERCity
ZONINGBusiness/Comm
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Premier Sotheby's International Realty - Blowing R

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