869 Highway 105 Ext
Boone, NC 28607
Addison Professional Buildings · Office Property For Sale
Investment Highlights
- Located in a Qualified Opportunity Zone (QOZ)
- 55+ Paved Parking Deck
- Fully Leased
- Dynamite Location With Future Redevelopment Potential
Property Facts
Amenities
- Air Conditioning
About 869 HIGHWAY 105 EXT , BOONE, NC 28607
OUTSTANDING OPPORTUNITY to own a fully leased professional plaza in a QUALIFIED OPPORTUNITY ZONE (QOZ) for incredible IRS advantage for investors seeking favorable treatment of capital gains from sale of other investments - consult CPA & investment advisor for particulars. A pair of 2 story buildings with 55+ space paved parking lot in highly visible business district. Great blend of tenants and Leases do not exceed 3 year remaining terms and have built-in annual increases. 10 units (7 business & 3 residential apartments). Roofs replaced and parking deck retaining wall updated within past 3 years and parking lot just sealed & striped. Lower units have individual heat pumps, upper units have window units. Tenants pay electric, Landlord pays water/sewer/trash. Property is priced to sell and performs very well with $147,300 gross scheduled income and 6% CAP rate. Multi-dimension investment in a dynamite location with the benefit of current cash flow, DOZ tax advantages & redevelopment potential in future years.
Property Taxes
| Parcel Number | 2910-24-6346-000 | Improvements Assessment | $224,530 |
| Land Assessment | $237,800 | Total Assessment | $462,330 |
Property Taxes
