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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!
| DAYS ON MARKET | 171 | LAST UPDATED | 11/20/2024 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1985 |
| COMMUNITY | 1-Boone, Brushy Fork, New River | COUNTY | Watauga |
| STATUS | Conditional | PROPERTY TYPE(S) | Commercial |
| Elementary School | Hardin Park |
|---|---|
| High School | Watauga |
| PRICE HISTORY | |
| Prior to Aug 8, '24 | $750,000 |
|---|---|
| Aug 8, '24 - Today | $690,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 1-Boone, Brushy Fork, New River |
| CONSTRUCTION | Frame, Vinyl Siding, Wood Siding |
| EXTERIOR | Other |
| HEAT | Baseboard, Electric, Hot Water |
| INTERIOR | High Speed Internet |
| LOT | 1.9 acre(s) |
| PARKING | Paved, Parking Lot |
| SEWER | Private Sewer |
| STORIES | 2 |
| SUBDIVISION | None |
| TAXES | 4295 |
| UTILITIES | Cable Available |
| WATER | Public |
| ZONING | Business/Comm |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jason Eldreth, A PLUS Realty, 828-297-1000
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