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Two-Unit Office Building
For Sale
$929,900

938 W King Street, Boone, NC 28607

Commercial, Boone, NC

Property Size1,826 SF
Lot Size0.22 Acres
Price / SF$509.26
Days on Market92

Property Features for 938 W King Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision 1-Boone, Brushy Fork, New River
Standard status Active
Lot size 0.22 Acres

Building Details

Year built 1935
Listing Agency: A PLUS Realty
Listed By: Jason Eldreth · License #283438
Added: Jun 14 Changed: Sep 4 Last Checked: Sep 13 at 11:06PM
MLS# 262063

Copyright © 2026 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1935, this 1,826-square-foot office property is arranged as two separately occupied units with established rental history. The upper suite includes 3–4 offices and a bathroom, while the lower suite provides 2–3 offices and a bathroom. Both units are rented to long-term tenants as office spaces.

The property includes a private parking lot with 9–10 spaces and sits along King Street in downtown Boone. The location is within walking distance of the Watauga County Courthouse, local shops and restaurants, and the AppState campus. The parcel contains 0.22 acres.

Key Highlights

  • 1,826‑square‑foot office building constructed in 1935
  • Two office units leased separately to long‑term tenants
  • Upper unit includes 3–4 offices and a bathroom

Property Analytics

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Open Analytics

Current Use

Vannoy Counseling Services, ... Counselor

Suggested Use

Top Pick Hair Salon Dental Office Nail Salon Pharmacy Grocery & Convenience Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

750
Businesses Nearby

Demographics for 28607, NC

35,495
Population
16,726
Households
2.1
Avg Household Size
27
Median Age
54%
College-Educated
92%
High-School Grad
101.7 sq mi
ZIP Area
349
Density / Sq Mi
$44,132
Median Household Income
$13,485
Median Earnings
$1,081
Median Rent
$339,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two separately occupied office suites offer a flexible multi-tenant configuration in a walkable downtown setting.
Where is this office building located?
The property is located at 938 W King Street Boone, NC.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: 1,826‑square‑foot office building constructed in 1935; Two office units leased separately to long‑term tenants; Upper unit includes 3–4 offices and a bathroom
More about this property
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