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255110 Days on Market: 3
1.050
Acres
$1,250,000
For Sale
A RARE OPPORTUNITY! WITH A 40-YEAR LEGACY OF HIGH-END, ARTISANAL, LOG AND TIMBER-FRAME MOUNTAIN STRUCTURES, THIS SUCCESSFUL CONSTRUCTION COMPANY IS WILLING TO PASS THE TORCH. THIS OFFERING IS FOR THE BUSINESS + THE REAL ESTATE. (BUSINESS IS ALSO OFFERED). Business sale price includes more than $90,000 of construction equipment and tools and more than $60,000 of office equipment and furnishings. With a business reputation, repeat business, referrals, a successful website and key domain name, and a regional franchise for a successful log home and timber-frame company, this Contractor has generated much more potential business than he has been willing to take on. OPPORTUNITY is written here with capital letters! Contractor-Seller is willing to train, as needed. Key construction and office staff have expressed willingness to stay on board. Business owners also own the real estate. The present business occupies approximately 3,600 SF of the 7,362 SF building. (Sellers are offering the Business as a separate offering so that the Business Buyer can have maximum flexibility. With control of the real estate, the Sellers can offer the Business Buyer maximum flexibility to negotiate for leased space as desired or needed). Office space shows off the artisanal workmanship and exquisite use of quality materials that have been the hallmark of this business for decades. Yes, millions of dollars of contracts have been negotiated right here! Business and lease records are available with signed Confidentiality Agreements. The 7,362 SF Building currently includes rental spaces for the Construction Company and various construction-related subtenants. Even parking lot spaces are leased to a moving company. As a real estate investment, current rents are offering a cap rate of approximately 6-6.5%. Subtenants' leases are structured with a 30-day notice clause for maximum flexibility for use of the building by the Business Buyer. (Aerial tax map is NOT a survey.)
Listing ID:
255110
Property Type:
BuildingLandBusiness
Year Built:
1986
Acres:
1.050
Map
Latitude: 36.196941 Longitude: -81.710258
Location & Neighborhood
City: Boone
County: Watauga
Area: 1-Boone, Brushy Fork, New River
Subdivision: None
Environment
Utilities & Features
Heat: Electric, Forced Air, Heat Pump, Propane
Sewer: Septic Permit2 Bedroom, Septic Tank
Utilities: Cable Available, High Speed Internet Available, Septic Available
Parking: Gravel, Other, Parking Lot, Parking Spaces, See Remarks
Interior
Exterior
Construction
Construction: Frame, Log Siding, Other, Shake Siding, See Remarks, Wood Siding, Wood Frame
Roof: Metal
Financial
Property Taxes: $1,443
Other
Price Per Sqft: N/A
Price Per Acre: $1,190,476
The data relating this real estate listing comes in part from the High Country Multiple Listing Service ®. Real estate listings held by brokerage firms other than the owner of this website are marked with the MLS IDX logo and information about them includes the name of the listing broker. The information appearing herein has not been verified by the High Country Association of REALTORS or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing on this website, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose -- the information is believed accurate but not warranted.
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