565 George Wilson Road, Boone, NC 28607

$750,000
List Price
$750,000
Days on Market
16
Status
ACTIVE
Type
Commercial
MLS#
250020
County
Watauga
City
Boone
Acres
1.90
Year Built
1985

Property Description

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 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/toilets in the classroom. Second level of building offers expansion possibilities with over 1900sqft. of additional rentable space currently divided into 2 separate suites. Suite 1 is set up as a 2BR/1BA unit with full kitchen and living area but is not currently being occupied. Suite 2 is currently being used as storage but could easily 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!

Additional Information

Exterior Amenities
Other, See Remarks
Garage
Paved, Parking Lot, Parking Space(s)
Heating
Baseboard, Electric, Hot Water
Road
Paved
Roof
Asphalt, Shingle
Elementary School
Hardin Park
High School
Watauga
Sewer
Private Sewer
Water Source
Public
Zoning
Business/Comm

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

This Listing is courtesy of Jason Eldreth with A PLUS Realty. 828-297-1000

The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”