Property Details for 304 Valley View Dr

Year built

2007

Lot size

5.00 lot acres

Property size

2,016 SF

Property type

Commercial real estate

Description

This exceptional turnkey business opportunity presents a well-established dog and cat boarding facility in Mountain City, Tennessee. The property, built in 2007, encompasses a 2,016 square foot building situated on a 5-acre lot offering tremendous mountain views and no building restrictions. The facility features 16 units: 10 large dog spaces and 6 cat spaces, presenting significant potential for expansion. The main building includes a fully furnished 1-bedroom, 1-bathroom living space (864 sq ft) upstairs, complete with a 10' x 20' deck. Downstairs, there are two small garage spaces. All equipment and furnishings convey, excluding personal items. The property boasts a 9.25% cap rate with a current NOI of $48,000 and an asking price of $519,000. The seller, a sole proprietor, is retiring and will provide training and client data to the new owner. Financial statements for the past three years are available upon request. The property is zoned residential, and Johnson County has no building codes. Conveniently located, Boone, North Carolina is a 30-minute drive south, while Damascus, Virginia, with its biking trails and the Virginia Creeper Trail, is a short drive north. Watauga Lake and the Appalachian Trail are also within easy reach. The seller has consistently had bookings and has had to turn away business, indicating strong demand and significant upside potential. This is a rare opportunity to acquire a profitable, established business with substantial growth potential in a desirable location. The property's land value is $267 per square foot. The occupancy date is August 27, 2024.

Location Insight

City

Mountain City

County

Johnson

State

Tennessee

Longitude

-81.8255

Latitude

36.507