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This Listing Sold On August 12, 2021
231105 Sold On August 12, 2021
1.530
Acres
$950,000
Sold
Strategically positioned between Boone, Banner Elk & Linville, this retail/commercial building contains 9600 sqft with approximately half being used for office/retail space and the other half is a heated warehouse with high ceilings and loading dock. It was built in 2007 and has tremendous visibility w/ 350 feet of busy NC 105 road frontage. The sale of this building includes the profitable Lighting Gallery & Electrical Supply business, over $100k in inventory & approximately $175k of furniture, fixtures, & equipment (FF&E.) The Lighting Gallery has a 2000 sqft showroom plus numerous offices, a kitchen & public restroom. The Electrical Supply has approximately 500 sqft and a separate entrance. 1600 sqft is currently being used as a finished apartment/office space with a full kitchen, bathroom/laundry, its own entrance. This is a fantastic opportunity only limited by imagination. Great location to continue & expand existing business or for a completely different use case like a brewery. The 1.53 acre property is adjacent to the Watauga River. This incredible investment opportunity is available due to the existing owners retiring after 20+ successful years.
Listing ID:
231105
Property Type:
Building & Land
Year Built:
2006
Acres:
1.530
Map
Latitude: 36.126962 Longitude: -81.823108
Location & Neighborhood
City: Banner Elk
County: Avery
Area: 8-Banner Elk
Subdivision: None
Zoning: General Business
Environment
Utilities & Features
Heat: Gas
Internet: Yes
Sewer: Private
Amenities: Apartment/Guest
Parking: 25+ Spaces, Gravel, Parking Lot
Interior
Exterior
Exterior: Aluminum, Other-See Remarks
Construction
Construction: Steel Frame
Roof: Galvanized to Metal
Financial
Property Taxes: $3,941
Financing: Cash/New
Other
Price Per Sqft: N/A
Price Per Acre: $637,255
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.
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