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. Newer exterior stairs & soffit lighting recently installed. 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 $147,900 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 130 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

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ADDITIONAL DETAILS
AIR 3+ Units, Electric, Heat Pump, Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA 1-Boone, Brushy Fork, New River
CONSTRUCTION Frame
HEAT Electric, Heat Pump, Space Heater, Wall Furnace
INTERIOR High Speed Internet
LOT 0.81 acre(s)
SEWER Public Sewer
STORIES 2
SUBDIVISION None
TAXES 7555
WATER Public
ZONING Business/Comm
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Listed with Premier Sotheby's International Realty - Blowing R

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