Homes for sale - 1345 Poplar Grove Road S, Boone, NC 28607

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Galen Walter

galen@haven.realty +1(561) 339-6406

$1,250,000

Est. payment - /mo

1.05 Acres Lot

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Key Details

Property Type Commercial

Sub Type Building/Land/Business

Listing Status Active

Purchase Type For Sale

MLS Listing ID 255110

HOA Y/N No

Year Built 1986

Annual Tax Amount $1,443

Lot Size 1.050 Acres

Acres 1.05

Property Sub-Type Building/Land/Business

Property Description

A RARE OPPORTUNITY! WITH A 40-YEAR LEGACY OF HIGH-END, ARTISANAL, LOG AND TIMBER-FRAME MOUNTAIN STRUCTURES, THIS SUCCESSFUL CONSTRUCTION COMPANY IS WILLING TO PASS THE TORCH. THIS OFFERING IS FOR THE BUSINESS + THE REAL ESTATE. (BUSINESS IS ALSO OFFERED). Business sale price includes more than $90,000 of construction equipment and tools and more than $60,000 of office equipment and furnishings. With a business reputation, repeat business, referrals, a successful website and key domain name, and a regional franchise for a successful log home and timber-frame company, this Contractor has generated much more potential business than he has been willing to take on. OPPORTUNITY is written here with capital letters! Contractor-Seller is willing to train, as needed. Key construction and office staff have expressed willingness to stay on board. Business owners also own the real estate. The present business occupies approximately 3,600 SF of the 7,362 SF building. (Sellers are offering the Business as a separate offering so that the Business Buyer can have maximum flexibility. With control of the real estate, the Sellers can offer the Business Buyer maximum flexibility to negotiate for leased space as desired or needed). Office space shows off the artisanal workmanship and exquisite use of quality materials that have been the hallmark of this business for decades. Yes, millions of dollars of contracts have been negotiated right here! Business and lease records are available with signed Confidentiality Agreements. The 7,362 SF Building currently includes rental spaces for the Construction Company and various construction-related subtenants. Even parking lot spaces are leased to a moving company. As a real estate investment, current rents are offering a cap rate of approximately 6-6.5%. Subtenants' leases are structured with a 30-day notice clause for maximum flexibility for use of the building by the Business Buyer. (Aerial tax map is NOT a survey.)

Location

State NC

County Watauga

Area 1-Boone, Brushy Fork, New River

Interior

Heating Electric, Forced Air, Heat Pump, Propane

Cooling Central Air, Heat Pump

Fireplace No

Exterior

Parking Features Gravel, Other, Parking Lot, Parking Space(s), See Remarks

Utilities Available Cable Available, High Speed Internet Available, Septic Available

Water Access Desc Private,Well

Roof Type Metal

Building

Story 2

Entry Level Two

Sewer Septic Permit 2 Bedroom, Septic Tank

Water Private, Well

Level or Stories Two

Schools

Elementary Schools Blowing Rock

High Schools Watauga

Others

Tax ID 2900-01-3403-000

Acceptable Financing Cash, Conventional, New Loan

Listing Terms Cash, Conventional, New Loan

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Listed by Blowing Rock Properties, Inc

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Galen Walter

+1(561) 339-6406

Agent | License ID: 313869

Agent License ID: 313869

1345 Poplar Grove Road S Boone, NC 28607

Galen Walter

Key Details

Location

Interior

Exterior

Building

Schools

Others

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