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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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4188 State Hwy 80 S Hwy S , Burnsville, NC 28714
$699,999
Est. Payment: $1,555.55/mo
0 Bed
13 Bath
0 Sqft
Status: Active | Days on site: 158
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R00163 - mwahlers
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House Description

Exceptional Investment Opportunity: Multi-Use Suite Complex in Celo Community, Yancey County Welcome to a rare chance to own a thriving commercial property in the heart of Yancey County! Nestled in the picturesque Celo Community, this remarkable multi-use suite complex boasts 22 fully leased units, ensuring immediate cash flow and a waiting list of eager tenants vying for space. Whether you're an experienced investor or looking to diversify your portfolio, this property promises to deliver significant returns and long-term stability. Key Features: Prime Location: Just a stone's throw from Burnsville, this complex offers easy accessibility to major roads, drawing in local clientele and businesses. The serene surroundings of the Celo Community complement its commercial potential, making it a desirable place for businesses and tenants alike. Expansive Complex: Spanning a generous 11,260 sq. ft., this property is comprised of two well-maintained buildings. With 9,055 sq. ft. of heated units, your tenants will be comfortable year-round while the unheated storage unit adds additional income potential for those looking for extra space. Fully Occupied with Growth Potential: All units are currently rented, generating reliable income from day one. The waiting list of prospective tenants indicates a strong demand for commercial space in the area, suggesting future growth and increased rental rates. Diverse Business Opportunities: The versatile design of the multi-use suites allows for a variety of businesses to flourish, from professional offices and retail shops to creative studios and service providers. This flexibility attracts a diverse tenant mix, ensuring stability and reduced risk. Turnkey Investment: This property is not just a building; it's a fully functioning business with proven income. With well-established operations and satisfied tenants, you can step in and continue the legacy of success without missing a beat. Benefits of This Investment: Immediate Cash Flow: With all units currently rented and a waiting list, you can start reaping the benefits of your investment right away. Strategic Growth Potential: The high demand for commercial space in the area presents opportunities for future expansion or rent increases. Community Appeal: The Celo Community is known for its vibrant atmosphere and strong local economy, making it an attractive place for businesses to thrive. Easy Management: The complexity of managing multiple tenants is made easier with a well-structured business model and engaged tenant relationships already in place. This is not just a property; it’s an investment in the future. Don’t miss your chance to take advantage of this fantastic opportunity to own a multi-use suite complex in one of the most sought-after areas of Yancey County. Whether you're seeking to expand your real estate portfolio or embark on a new venture, this property is poised for success. Contact us today for a private showing and be part of the growth in the Celo Community!

Highlights

Listed by Melissa Wahlers , 828-467-3400 RE/MAX RESULTS , 828-678-2500.

Property Type

Commercial Sale

Lot/Acreage
0.92

Year Built

2001

County

Yancey

Listing ID

4360186

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:13
  • Full Bathrooms:
Air Cond:Separate Meters,Window Unit(s)
Fireplaces:
Below Ground Sq Ft:0
Water:Well

Exterior Features

Lot:Level,Open Lot,Creek/Stream,Other - See Remarks
Roof:Architectural Shingle,Metal
Sewer:Septic Installed
Parking Features:Parking Lot
Principal Interest
$1,556
Taxes
$446

Home Price

$699,999

Loan Details

30 yrs
%

Down Payment

20%
$140,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,555.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,555.55 $446.25 $0.00 $2,001.80
Yearly $18,666.64 $5,354.99 $0.00 $24,021.63
Total $559,999.20 $160,649.77 $0.00 $720,648.97

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Burnsville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.