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1671 Highway 163, West Jefferson, NC 28694
$1,460,000
1671 Highway 163, West Jefferson, NC 28694View this property at 1671 Highway 163, West Jefferson, NC 28694
1671 Highway 163West JeffersonNC28694
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Property Description
$2,350,000 Appraised value AS IS without full occupancy! $1,800,000 list price. This is an opportunity for an investor with LONG TERM GOALS. Instant equity & revenues that will cover most conventional loan terms. Since the storage units are fully not occupied is why the facility is being offered at an almost 25% discount. Newly constructed 16,000 sq ft facility. Seller also has an investment opportunity with a short timeline for execution. Owner is open to creative financing, owner financing or loan assumption. Currently an SBA loan. Currently generates $11,300 monthly ($135,600 annually) at 67% occupancy. Full occupancy generates $17,800 monthly ($213,600 annually) at current rates. Fixed Monthly expenses are less than $800 per month. This includes electricity, internet, insurance, rental software, property taxes, lawn care etc. OWNER WILL GUARANTEE CURRENT RENTAL INCOME FOR SIX MONTHS after closing so the new owner can concentrate on increasing occupancy without worry of loss of income by current renters. The current owner is not advertising discounts so as to not bind the future owner to lower income. Great for 1031 exchange or generating write offs for taxes while generating income. $61,500 yearly depreciation plus other deductions. Property is also ready for expansion on the eastern side with additional building or pods (Janus international can make steel portable units up to 10x30 in the same color scheme and clarified as "equipment" which eliminates the building permit process). Southern side of the property just across the entrance can be cleared and used for RV/Boat storage for additional income. State of the art security cameras and digital gate /door access. One of only two companies in the county with paved drives. Rent online pay online makes this truly passive income without the need of onsite management. Name, contact info, software and support Along with current tenants transfer to new owner. Completely Turnkey with zero downtime.
Full Property Details
Full Property Details for 1671 Hwy 163
General
- Sold For: $1,460,000
- Taxes: $1,035
- Status: Closed
- Type: Business
- MLS ID: 246307
- Added to Site: 216 day(s) ago
Additional Information
- Security/Safety: Security System
Exterior
- Exterior Features: Storage
Parking
- Parking Features: Paved, Parking Space(s)
Location
- Area: 16-Jefferson, West Jefferson
- County: Ashe
- Subdivision: None
School Information
- Elementary School: Westwood
- High School: Ashe County
Community
- Community Name: 16-Jefferson, West Jefferson
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric, Forced Air
Utilities
- Sewer: Not Connected, Public Sewer
- Water: Not Connected, Public
- Utility Description: High Speed Internet Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Other, Steel Frame, See Remarks
- Roof: Other, See Remarks
- Square Feet: 16,000
- Year Built: 2023
- Other Struct. Feat.: Loading Dock
Lot Features
- Lot Size (Acres): 2.046
- Lot Size: 2.046
- Road Maintenance: Public Maintained Road
- Zoning: H-C
Financial Considerations
- Tax Amount: $1,035.28
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Compensation Comments: The Compensation offer is made only to participants of the MLS where the listing is filed
- Property ID: 19227-152
Listed by Realty One Group Results
Sold by Nonmls
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Schools
Schools serving 1671 Hwy 163
School District:Ashe County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
184 Campus Dr, W Jefferson, NC 28694 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1671 Hwy 163
Date
Details
Price
Change
Source
1/16/2024
Sold
$1,460,000
-18.89%
MLS
11/04/2023
Price Reduced
$1,800,000
-10%
MLS
10/11/2023
Listed
$1,999,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1671 Highway 163, West Jefferson, NC 28694 (MLS# 246307) is a Business property that was sold at $1,460,000 on January 16, 2024. Want to learn more about 1671 Highway 163? Do you have questions about finding other Business real estate for sale in West Jefferson? You can browse all West Jefferson real estate or contact a Coldwell Banker agent to request more information.