$1,800,000
$1,950,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
21,000 SqFt
SOLD DATE : 11/30/2021
Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $85
MLS Listing ID 3384310
Sold Date 11/30/21
Year Built 1980
Lot Size 1.810 Acres
Acres 1.81
Property Sub-Type Commercial
Property Description
Rare opportunity to acquire fully leased retail / restaurant center at a prime location in Pisgah Forest / Brevard. Family has owned this property for over 30 years. High profile, well-established anchor tenants include Pisgah Fish Camp, Sycamore Cycles and El Chapala restaurant. Average occupancy of tenants is over 17 years. Property consists of two buildings with 10 tenant spaces, 21,000 sf on 2.67 gross / 1.81 net acres. The property is located in the Pisgah Forest Opportunity Zone, which offers significant Federal tax advantages to long-term holders.
Location
State NC
County Transylvania
Building/Complex Name Forest Square Plaza
Interior
Heating Electric, Separate Meters, MultiZone Heat
Cooling Separate Meters, Total
Exterior
Utilities Available Cable Available, City Sewer, City Water, Electricity Available, Natural Gas Available, Telephone On-Site
Roof Type Metal
Accessibility Two or More Access Exits, Handicap Parking
Total Parking Spaces 120
Building
Building Description Concrete,Metal, Retail Center
Story 1
Foundation Slab
Structure Type Concrete,Metal
New Construction false
Others
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Subject to Lease
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Bought with Austin Walker • Whitney Commercial Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "