3385 US Highway 321 S - Office/Residential FOR SALE


Blowing Rock, NC 28605
$825,000 USD
336-366-9212
3385 US Highway 321 S, Blowing Rock, NC for Sale
$825,000 USD
Office/Residential - FOR SALE
1/32
null | Request Cap Rate

3385 US Highway 321 S
Blowing Rock, NC 28605


HIGHLIGHTS

  • AADT of 18,000+
  • Multiple Bedrooms
  • Back Apartment
  • Ample Storage
  • New River frontage
  • Multiple power meters

OVERVIEW

Exceptional opportunity to acquire a flexible mixed-use property with prominent exposure along US Highway 321 between Boone and Blowing Rock, North Carolina.? The approximately 3,033± SF building offers an existing combination of commercial/retail and residential space.? Approximately 1,837 SF on the first floor and 1,196 SF on the second floor.? The main level includes open commercial/retail space, office/storage areas, kitchen, bathrooms and residential accommodations.? The upper level provides additional residential living space with bedrooms, kitchen, living area and baths.? The property's existing mixed-use configuration provides flexibility for an owner-user, investor, retail or professional office user, boutique hotel concept, possible student housing, live/work arrangement, residential rental strategy or other mixed-use/income-producing configuration, subject to zoning, septic capacity, occupancy requirements and applicable governmental approvals.? The property benefits from substantial highway exposure.? Available NCDOT traffic information indicates approximately 18,000+ vehicles per day along the US Highway 321 corridor in the vicinity of the property.? Property improvements and features include an approximately 8-year-old 55-year metal roof, replacement windows, commercial vapor barrier, approximately $30,000 commercial basement dehumidification system, wood flooring and wall finishes, propane heat, electric baseboard heat, window A/C units and five separate electrical meters.? The property is served by a well and private septic system.? The property's multiple bedrooms, kitchens, baths and living areas provide an existing layout that may lend itself to a variety of potential repositioning strategies.? Potential uses could include commercial + residential, boutique lodging, possible student housing, professional office, specialty retail, live/work or other investment configurations, subject to governmental approval.? The strategic location along the Boone–Blowing Rock corridor combined with the property's existing mixed-use layout creates an unusual opportunity for a purchaser seeking commercial visibility together with residential, lodging or other income-producing potential in the High Country.?

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

None

APN/PARCEL ID

2819-85-4370-000

ASK ABOUT THIS PROPERTY

Robert BallUnderdown, Ball & Associates, LLCMore Info
336-366-9212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Robert BallUnderdown, Ball & Associates, LLCMore Info
336-366-9212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.