13 Baths
0.92 Acres Lot
13 Baths
0.92 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail Center
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4360186
Construction Status Completed
Year Built 2001
Lot Size 0.921 Acres
Acres 0.921
Property Sub-Type Retail Center
Property Description
Welcome to a rare chance to own a thriving commercial property in the heart of Yancey County! Nestled in the picturesque Celo Community, this remarkable multi-use suite complex boasts 22 fully leased units, ensuring immediate cash flow and a waiting list of eager tenants vying for space. Whether you're an experienced investor or looking to diversify your portfolio, this property promises to deliver significant returns and long-term stability.
Key Features:
Prime Location: Just a stone's throw from Burnsville, this complex offers easy accessibility to major roads, drawing in local clientele and businesses. The serene surroundings of the Celo Community complement its commercial potential, making it a desirable place for businesses and tenants alike.
Expansive Complex: Spanning a generous 11,260 sq. ft., this property is comprised of two well-maintained buildings. With 9,055 sq. ft. of heated units, your tenants will be comfortable year-round while the unheated storage unit adds additional income potential for those looking for extra space.
Fully Occupied with Growth Potential: All units are currently rented, generating reliable income from day one. The waiting list of prospective tenants indicates a strong demand for commercial space in the area, suggesting future growth and increased rental rates.
Diverse Business Opportunities: The versatile design of the multi-use suites allows for a variety of businesses to flourish, from professional offices and retail shops to creative studios and service providers. This flexibility attracts a diverse tenant mix, ensuring stability and reduced risk.
Turnkey Investment: This property is not just a building; it's a fully functioning business with proven income. With well-established operations and satisfied tenants, you can step in and continue the legacy of success without missing a beat.
Benefits of This Investment:
Immediate Cash Flow: With all units currently rented and a waiting list, you can start reaping the benefits of your investment right away.
Strategic Growth Potential: The high demand for commercial space in the area presents opportunities for future expansion or rent increases.
Community Appeal: The Celo Community is known for its vibrant atmosphere and strong local economy, making it an attractive place for businesses to thrive.
Easy Management: The complexity of managing multiple tenants is made easier with a well-structured business model and engaged tenant relationships already in place.
This is not just a property; it's an investment in the future. Don't miss your chance to take advantage of this fantastic opportunity to own a multi-use suite complex in one of the most sought-after areas of Yancey County. Whether you're seeking to expand your real estate portfolio or embark on a new venture, this property is poised for success.
Contact us today for a private showing and be part of the growth in the Celo Community!
Location
State NC
County Yancey
Building/Complex Name The Shops at Celo
Zoning Rental
Interior
Heating Propane, Separate Meters
Cooling Separate Meters, Window Unit(s)
Inclusions Building, Business, Land
Exterior
Utilities Available Cable Available, Electricity Connected, Fiber Optics
Roof Type Architectural Shingle,Metal
Street Surface Paved
Accessibility Handicap Parking, Ramp(s)-Main Level
Porch Front Porch
Building
Lot Description Level, Open Lot, Creek/Stream, Other - See Remarks
Dwelling Type Site Built
Foundation Crawl Space
Sewer Septic Installed
Water Well
Structure Type Wood
New Construction false
Construction Status Completed
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Subject to Lease
Nearby Locations
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