595-605 W King St, Boone, NC

This centrally located downtown property contains a total of 16;464 sf GBA. The basement level contains 5;551 sf GBA and is currently leased to two tenants with additional space that can be upfitted for lease. The basement level has two separate areas of unfinished GBA. The main level contains 5;565 sf GBA and is currently leased to four tenants. One of the main level retail spaces has access to a mezzanine level containing 1;639 sf GBA. The second floor contains 3;709 sf GBA and includes four residential apartments (one - 2BR/1BA and three - 1BR/1BA). With a number of recent sales in the downtown Boone area; this is a great value add opportunity for a significant building in the CBD.
As built drawings are in the process of being finished and will be available to purchaser as part of due diligence. Please do not disturb tenants; showings are available with advanced notice to listing office. In place PGI of $94;875. Landlord currently pays water/sewer and heat for all tenants.  Electric is separately metered and paid for by tenants. A number of deferred maintenance items make this a value add opportunity for investors. A copy of the leases can be provided once under contract. Please email listing agent with any additional questions or concerns.

Listing Details

  • Price: $1,120,000
  • Square Feet: 16,464
  • Acres: 0.156
  • County: Watauga County
  • Zoning: B-1
  • Price per SqFt: $68
  • Price per Acre: $68
  • Listed By: Appalachian Commercial Real Estate

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