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250020 Days on Market: 1
1.900
Acres
$690,000
Under Contract
Commercial building offering over 6300sq.ft. on 1.90 acres with approximately 170 feet of state maintained paved road frontage with easy access to Hwy 421 and Hwy 105. Current lease in place until 2029 so this property is ideal for investors looking for absentee ownership opportunities with an estimated cap rate of around 8%. Property has been used successfully for many years as a daycare/pre-school with 8 classrooms on the main level along with a full kitchen, office, bathroom, storage and utility room. Most classrooms offer a combination of sink and/or toilet in the classroom. Second level of building offers over 1900sqft. currently divided into 2 separate suites. Suite 1 is set up as a 2BR/1BA unit with full kitchen and living area and Suite 2 is currently being used as storage but could be converted into a similar 2BR/1BA unit. Adequate paved parking is available around building. Located less than 3 miles from AppState and downtown Boone!
Listing ID:
250020
Property Type:
BuildingLand
Year Built:
1985
Acres:
1.900
Map
Latitude: 36.221031 Longitude: -81.713117
Location & Neighborhood
City: Boone
County: Watauga
Area: 1-Boone, Brushy Fork, New River
Subdivision: None
Environment
Utilities & Features
Heat: Baseboard, Electric, Hot Water
Sewer: Private Sewer
Utilities: Cable Available, High Speed Internet Available
Parking: Paved, Parking Lot, Parking Spaces
Interior
Exterior
Exterior: Other, See Remarks
Construction
Construction: Vinyl Siding, Wood Frame
Roof: Asphalt, Shingle
Financial
Property Taxes: $4,295
Other
Price Per Sqft: N/A
Price Per Acre: $363,158
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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