REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 898,000
Est. payment | /mo
$ 898,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
Subdivision Glen Wilde
MLS Listing ID 260861
HOA Fees $153/mo
HOA Y/N Yes
Year Built 2004
Annual Tax Amount $3,518
Property Sub-Type Building/Land
Property Description
Prime medical office space centrally located in the heart of Boone, near the medical district and the hospital. Five-year lease established with four and a half years remaining, currently at $48,000/yr. , with the lease amount increasing every year. Lease is triple net, so the tenant pays real estate taxes, hazard insurance, POA fees and all maintenance. Offered at a 5.34% CAP RATE. Compared to other investments in our current world of uncertainty, this "net, net" return on investment, backed by prime medical office real estate within Boone's medical corridor assures your margin of safety. Convenient for patient access from anywhere in the High Country and close proximity to the hospital makes this location exactly where every practitioner wants to be, enhancing your investment. Aesthetically, everything is top drawer. The space was built in 2012, using green and locally sourced materials where possible. The main office space boasts an exotic bamboo floor, with vaulted, tongue-and-groove ceilings in the reception area. Modern paint scheme throughout accented by brilliant recessed lighting. Reception desk is spacious, and has granite countertops. Custom "Torii" trim lends an elemental offset to the contemporary appointments. The space is versatile and replete with 5 exam/treatment rooms, 2 private offices, and a smaller office currently used as a storage room. Completing the main space is a waiting room with two upgraded restrooms, and kitchen. Additionally there is an enormous meeting room in the back with cork floors and a private entrance that could be used for multiple purposes. There is also an additional upgraded restroom, feedback (audiology space), and a mechanical room, with another storage area, all redound to the most attractive medical office space in the Boone market today. Related to price, Unit 3, the neighboring space on the same level of the medical office building, just went under contract after 4 1/2 months on the market. It was offered at $1,350,000 for 2821 SF, or $478/SF. Our listing is offered at $898,000 for 2339 SF, or $384/SF. 24 hours notice is requested out of respect for the tenant, and showings are available on Fridays - Sundays and other weekdays between 6:00 and 8:00 PM. Thank you for touring our property!
Location
State NC
County Watauga
Area 1-Boone, Brushy Fork, New River
Interior
Heating Electric, Forced Air, Gas, Heat Pump
Cooling Central Air
Fireplace No
Exterior
Parking Features Paved
Utilities Available Cable Available
Water Access Desc Public
Roof Type Metal
Building
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Hardin Park
High Schools Watauga
Others
Tax ID 2910-44-9160-002
Acceptable Financing Cash, New Loan
Listing Terms Cash, New Loan
Listed by Boone Real Estate
Nearby Locations
GET MORE INFORMATION
Melissa Hilton
Broker | Lic# 356364