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256675 Days on Market: 11
0.980
Acres
$6,800,000
For Sale
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.
Listing ID:
256675
Property Type:
BuildingLand
Year Built:
1959
Acres:
0.980
Map
Latitude: 36.217170 Longitude: -81.679689
Location & Neighborhood
City: Boone
County: Watauga
Area: 1-Boone, Brushy Fork, New River
Subdivision: None
Environment
Utilities & Features
Heat: Baseboard, Electric
Sewer: Public Sewer
Parking: Parking Spaces
Interior
Exterior
Exterior: None
Construction
Construction: Brick, Wood Frame
Roof: Metal
Financial
Property Taxes: $42,752
Other
Price Per Sqft: N/A
Price Per Acre: $6,938,776
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.
Ashe High Country Realty, Inc.
7 S Jefferson Ave,
West Jefferson, NC 28694, USA
Ashe High Country Realty® offers twelve full-time Realtors who live, work and play in Ashe County. Ask our knowledgeable professionals about Ashe County and the surrounding areas of NC today.
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