870 Main St Blowing Rock, NC 28605-8331
Property Lookup
Property profile & analytics
870 Main St Blowing Rock, NC 28605-8331
- Turn key restaurants
- 2,220 SF
- 0.26 lot acres
Property ID
US53-2700253
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 870 Main St
- Year built
- 1940
- Lot size
- 0.26 lot acres
- Property size
- 2,220 SF
- Zone code
- BR-CB
- Property type
- Turn key restaurants
- APN
- 2807-98-4866-000
- APU
- 2807984866000
Description
This exceptional, completely renovated, three-story mixed-use building at 870 Main St, Blowing Rock, NC offers a unique investment opportunity. The 6,207 square foot property boasts a ground-floor restaurant, "The Social on Main," operating under a five-year lease (with two five-year renewal options) generating $8,500 in monthly rent, including a 3% annual rent bump. Above the restaurant are two separate residential units, each offering multiple bedrooms and marble bathrooms, ideal for short-term rentals. The building features 11 bedrooms in total. Extensive 2024 renovations exceeding $3,500,000 include new HVAC, instant water heaters, separate utility meters, updated kitchens, and smart TVs. Each floor has a private deck. The property includes 19 parking spaces, a rare amenity in downtown Blowing Rock. The 0.26-acre lot is zoned BR-CB. Annual operating expenses are approximately $49,542.40, yielding a strong NOI of $436,458 and an 8.82% cap rate based on the $4,950,000 asking price. The building's prime location in the heart of Blowing Rock, a thriving mountain resort community, ensures high occupancy rates and strong rental demand. This property presents a compelling blend of stable restaurant income and high-potential short-term rental revenue, making it an attractive investment for discerning buyers. The property's history dates back to 1940, with the recent renovations enhancing its modern appeal. The building's features include new lighting, ceiling fans, and appliances. The property is currently 33% occupied, with occupancy commencing October 31, 2023.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,005,000
- ML approach
- $2,895,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Blowing Rock
- County
- Watauga
- State
- North Carolina
- Longitude
- -81.6772
- Latitude
- 36.1356
- CBSA code
- 14380
- CBSA name
- BOONE, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$426,500
$1,514,320
$1,940,820
-
$0.00
$0.00
$0.00
