380 W King Street, Boone, NC 28607
- $6,800,000
- List Price
- $6,800,000
- Days on Market
- 11
- Status
- ACTIVE
- Type
- Commercial
- MLS#
- 256675
- County
- Watauga
- City
- Boone
- Acres
- 0.98
- Year Built
- 1959
Property Description
Rare opportunity to own prime real estate in Boone, NC, with the Campus Hill Apartments. Located on West King Street and Wallace Circle in downtown Boone, NC, across the street from the campus of Appalachian State University. This is student housing with redevelopment potential, on just under an acre of land. The property consists of seven separate buildings with 54 apartment units and 61 total bedrooms. It is currently at 100% occupancy, with additional income from parking spaces and on-site laundry. The location is within walking distance to most everything, including restaurants, bars, shops, parks, various neighborhoods, grocery stores, drug stores, and hotels. Starting in August 2025 the projected PGI is $570,300 per year. Property is located on five tax parcels as identified by Watauga County. Reported assessed value is all five tax parcels.
Additional Information
- Exterior Amenities
- None
- Garage
- Parking Space(s)
- Heating
- Baseboard, Electric
- Road
- Paved
- Roof
- Metal
- Elementary School
- Hardin Park
- High School
- Watauga
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- B1
Mortgage Calculator
This Listing is courtesy of Robert Ball with Underdown, Ball & Associates, LLC. (336) 835-2256
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.”