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 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|| 256|| 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|
|Elementary School||Hardin Park|
|AIR||3+ Units, Electric, Heat Pump, Wall/Window Unit(s)|
|AREA||1-Boone, Brushy Fork, New River|
|HEAT||Electric, Heat Pump, Space Heater, Wall Furnace|
|INTERIOR||High Speed Internet|
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Amy Spell to contact you even if your name is on a Federal or State "Do not call List".
Listed with Premier Sotheby's International Realty - Blowing R
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2020.