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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

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    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.
    (828) 208-7742
    Request Owner's contact information
    119 Boone Ridge Dr Burnsville, NC 28714
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 Boone Ridge Dr Burnsville, NC 28714
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