Ashe High Country Realty
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870 Main Street

251028 Blowing Rock, NC 28605

11
Beds

7.5
Baths

6207
Sqft

0.260
Acres

$5,450,000

For Sale

8.01% CAP RATE! RARE INVESTMENT OPPORTUNITY-NEWLY RENOVATED/FULLY FURNISHED, 3-story, 6,207 Sq. Ft. Multi-Purpose Commercial Restaurant/Residential Building w/ 11 Bedrooms, Marble Baths in picturesque Downtown Blowing Rock. Exceptional income/investment potential or a personal residence! Meticulous attention to detail, Over $3,500,000 in renovations in 2024. Radiates elegance w/ professional décor, new furnishings, & new smart T.V.s. New lighting, ceiling fans, and appliances. With new HVAC units, instant water heaters, and separate utility meters, this building allows the new owner to retain one or both residential units for personal use or capitalize on income/investment opportunities. The Social on Main Restaurant operates under a long-term lease on the 1st Floor. Short-term rentals in the residential units complement the restaurant's income. $486,000 Projected Income Per Year. Expenses average $49,542.40 per year. A charming large outdoor hand-built stone seating area enveloped in gas lanterns creates an enchanting ambiance overlooking Main Street. The second floor has 5 bedrooms adorned w/ marble bathrooms featuring heated/bidet toilet seats, a shared laundry room, and a gourmet kitchen connected to a large family room. An expansive outdoor deck features a new built-in gas grill and Jacuzzi. The third floor unveils 6 bedrooms, w/ marble bathrooms with heated/bidet toilet seats, alongside a grand kitchen and family room featuring vaulted ceilings. A sprawling outdoor deck w/ built-in gas cooking grill offers panoramic views of Main Street Downtown Blowing Rock. Both units boast expansive windows overlooking Main Street. The building has legal approval with the Town of Blowing Rock, allowing short-term rentals through platforms like AirBNB and VRBO due to the property's commercial zoning. Notably, the property features its own parking lot with assigned spaces for each bedroom for the residential units, a rare amenity in downtown Blowing Rock. PRICED TO SELL!

Listing ID:

251028

Property Type:

Single Family

Year Built:

1940

Bedrooms:

11

Bathrooms:

7 Full, 2 Half

Sqft:

6207

Acres:

0.260

Map

Latitude: 36.135606   Longitude: -81.677215

Location & Neighborhood

City: Blowing Rock

County: Watauga

Area: 4-BlueRdg, BlowRck YadVall-Pattsn-Globe-CALDWLL)

Subdivision: Snyder Place

Environment

Utilities & Features

Heat: Ductless

Sewer: Public Sewer

Appliances: Convection Oven, Cooktop, Down Draft, Dryer, Dishwasher, Exhaust Fan, Freezer, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer

Parking: Asphalt, Driveway, Other, See Remarks

Interior

Fireplace: Other, See Remarks

Windows: Window Treatments

Sqft Living Area Above Ground: 6207

Sqft Total Living Area: 6207

Exterior

Exterior: Hot Tub Spa

Style: Mountain

Construction

Construction: Brick, Masonry, Stone, Wood Frame

Roof: Metal

Financial

Property Taxes: $19,559

Home Warranty: Yes

Other

Price Per Sqft: $878

Price Per Acre: $20,961,538

870 Main Street, Blowing Rock, NC 28605

Call 336-246-6348

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Comparable Sold Listings

1782 Rockrose
$5,800,000

1782 Rockrose

14.38 miles away from this listing.
Sold on August 29, 2024

Listing Courtesy of Gillooly & Associates Realty

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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