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380 W King St Boone, NC 28607

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For Sale
$6,800,000

Prime real estate near Appalachian State University with redevelopment potential.

Property Features for 380 W King St

General Information

Standard status
Active

Building Details

Year built
1959

Source: UNDERDOWN, BALL & ASSOCIATES, LLC Agent ROBERT BALL

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Student Housing Redevelopment Opportunity

Located on West King Street and Wallace Circle in downtown Boone, NC, across the street from the campus of Appalachian State University, Campus Hill Apartments presents a rare real estate opportunity. This student housing property, situated on just under an acre of land, offers redevelopment potential. The property comprises seven separate buildings, featuring 54 apartment units and a total of 61 bedrooms. Currently operating at 100% occupancy, the property generates additional income from parking spaces and on-site laundry facilities. Its location provides convenient walking access to various amenities, including restaurants, bars, shops, parks, neighborhoods, grocery stores, drug stores, and hotels. The projected potential gross income (PGI) is $570,300 per year starting in August 2025. The property is located on five tax parcels as identified by Watauga County. Reported assessed value is all five tax parcels.
Location Intelligence

Current Use by Public Records

Student housing

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
Boone
County
Watauga
State
North Carolina
Longitude
-81.679642
Latitude
36.217267

FAQs

What type of property is this?
Apartment building - Prime real estate near Appalachian State University with redevelopment potential.
Where is this apartment building located?
The property is located at 380 W King St Boone, NC.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: - Prime real estate location in downtown Boone, NC, across from Appalachian State University.; - Student housing with redevelopment potential on just under an acre of land.; - Seven separate buildings with 54 apartment units and 61 total bedrooms.
More about this property
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