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260861 Days on Market: 2
0.000
Acres
$898,000
For Sale







































Prime medical office space centrally located in the heart of Boone, near the medical district and the hospital. Five-year lease established with four and a half years remaining, currently at $48,000/yr. , with the lease amount increasing every year. Lease is triple net, so the tenant pays real estate taxes, hazard insurance, POA fees and all maintenance. Offered at a 5.34% CAP RATE. Compared to other investments in our current world of uncertainty, this net, net return on investment, backed by prime medical office real estate within Boone's medical corridor assures your margin of safety. Convenient for patient access from anywhere in the High Country and close proximity to the hospital makes this location exactly where every practitioner wants to be, enhancing your investment. Aesthetically, everything is top drawer. The space was built in 2012, using green and locally sourced materials where possible. The main office space boasts an exotic bamboo floor, with vaulted, tongue-and-groove ceilings in the reception area. Modern paint scheme throughout accented by brilliant recessed lighting. Reception desk is spacious, and has granite countertops. Custom Torii trim lends an elemental offset to the contemporary appointments. The space is versatile and replete with 5 exam/treatment rooms, 2 private offices, and a smaller office currently used as a storage room. Completing the main space is a waiting room with two upgraded restrooms, and kitchen. Additionally there is an enormous meeting room in the back with cork floors and a private entrance that could be used for multiple purposes. There is also an additional upgraded restroom, feedback (audiology space), and a mechanical room, with another storage area, all redound to the most attractive medical office space in the Boone market today. 24 hours notice is requested out of respect for the tenant, and showings are available on Fridays - Sundays and other weekdays between 6:00 and 8:00 PM. Thank you for touring our property!
Listing ID:
260861
Property Type:
BuildingLand
Year Built:
2004
Acres:
0.000
Map
Latitude: 36.205383 Longitude: -81.661138
Location & Neighborhood
City: Boone
County: Watauga
Area: 1-Boone, Brushy Fork, New River
Subdivision: Glen Wilde
Environment
Utilities & Features
Heat: Electric, Forced Air, Gas, Heat Pump
Sewer: Public Sewer
Utilities: Cable Available
Parking: Paved
Interior
Exterior
Construction
Construction: Brick, Masonry
Roof: Metal
Financial
Property Taxes: $3,518
Other
Price Per Sqft: N/A
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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