Bakersville, NC 28705,395 Crimson Laurel WAY
$879,999
Est. payment /mo
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1.85 Acres Lot
Active

395 Crimson Laurel WAY Bakersville, NC 28705

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4328637

Year Built 1970

Lot Size 1.850 Acres

Acres 1.85

Property Sub-Type Retail

Property Description

Two stand alone, occupied buildings on one parcel for Sale at a 7.8% cap rate, in Bakersville, NC.

Current tenants include 7,500 SF Dollar General (current term expires July 31, 2028 with 1 remaining renewal option) and 3,000 SF French Broad Electric office building comprising 1,500 SF of finished office and a 1,500 SF basement (on a month-to-month lease). With limited retail development options and minimal competition in the surrounding area, this asset presents a unique opportunity for stable income and future upside.

Contact broker Scott Raines for showings and additional details.

Location

State NC

County Mitchell

Zoning C01

Interior

Inclusions Building, Land, Other

Exterior

Street Surface Paved

Building

Dwelling Type Site Built

New Construction false

Others

Senior Community false

Restrictions Other - See Remarks

Special Listing Condition None


Listed by Scott Raines • Dewey Property Advisors • scott.raines@deweypa.com

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 2
  • 7

    Gouge Elementary School

    Public | KG - 4

  • 5

    Bowman Middle School

    Public | 5 - 8

High Schools 1
  • 5

    Mitchell High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Dez Gerald, LHS

Dez Gerald, LHS

Broker | License ID: 244747

+1(704) 441-9344

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395 Crimson Laurel WAY