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119 Boone Ridge Dr Burnsville, NC 28714

For Sale
$1,550,000

Renovated property, high ROI, prime location.

Property size:
15,480 SF

Description

Added:
Feb 3, 2025
Days on Market:
307
This exceptional investment opportunity presents a 15,480 square foot property situated on a 1.31-acre lot at 119 Boone Ridge Drive, Burnsville, NC. Currently priced at $1,550,000, this property offers a compelling return on investment with a projected 5.8% capitalization rate. The property is located in a quiet Burnsville community, offering a peaceful atmosphere while enjoying the convenience of being just five minutes away from the town square and all local shopping amenities. The property is partially renovated, with approximately 50% of the space already updated, presenting a significant value-add potential for the astute investor. This highly sought-after location ensures strong rental demand and long-term appreciation potential. The substantial size of the property, combined with its strategic location and current renovation status, makes this an ideal opportunity for investors seeking a strong return and significant upside. The 1.31-acre lot provides ample space for future expansion or development, further enhancing the property's long-term value. This is a rare chance to acquire a well-positioned property in a desirable area with immediate income potential and significant room for growth. Don't miss this chance to secure a high-yield investment in a thriving community.

Property Features for 119 Boone Ridge Dr

General Information

Property type
Other commercial real estate
Square Feet
15,480 SF
Lot Size
57,064 SF

Building Details

Year Built
2001

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Burnsville
County
Yancey
State
North Carolina
Longitude
-82.28468
Latitude
35.91971

FAQs

What type of property is this?
Commercial real estate - Renovated property, high ROI, prime location.
Where is this commercial real estate located?
The property is located at 119 Boone Ridge Dr Burnsville, NC.
What is the asking price?
The asking price for this property is $1,550,000.
More about this property
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