610 State Farm RD #2, Boone, NC 28607
610 State Farm RD #2, Boone, NC 28607
610 State Farm RD #2, Boone, NC 28607
610 State Farm RD #2, Boone, NC 28607
610 State Farm RD #2, Boone, NC 28607
610 State Farm RD #2, Boone, NC 28607
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Realty Execs Admin

Realty Execs Admin

+1(828) 328-8900
$ 898,000
Est. payment | /mo
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$ 898,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Building/Land

Listing Status Active

Purchase Type For Sale

Subdivision Glen Wilde

MLS Listing ID 260861

HOA Fees $153/mo

HOA Y/N Yes

Year Built 2004

Annual Tax Amount $3,518

Property Sub-Type Building/Land

Property Description

Prime medical office space centrally located in the heart of Boone, near the medical district and the hospital. Five-year lease established with four and a half years remaining, currently at $48,000/yr. , with the lease amount increasing every year. Lease is triple net, so the tenant pays real estate taxes, hazard insurance, POA fees and all maintenance. Offered at a 5.34% CAP RATE. Compared to other investments in our current world of uncertainty, this "net, net" return on investment, backed by prime medical office real estate within Boone's medical corridor assures your margin of safety. Convenient for patient access from anywhere in the High Country and close proximity to the hospital makes this location exactly where every practitioner wants to be, enhancing your investment. Aesthetically, everything is top drawer. The space was built in 2012, using green and locally sourced materials where possible. The main office space boasts an exotic bamboo floor, with vaulted, tongue-and-groove ceilings in the reception area. Modern paint scheme throughout accented by brilliant recessed lighting. Reception desk is spacious, and has granite countertops. Custom "Torii" trim lends an elemental offset to the contemporary appointments. The space is versatile and replete with 5 exam/treatment rooms, 2 private offices, and a smaller office currently used as a storage room. Completing the main space is a waiting room with two upgraded restrooms, and kitchen. Additionally there is an enormous meeting room in the back with cork floors and a private entrance that could be used for multiple purposes. There is also an additional upgraded restroom, feedback (audiology space), and a mechanical room, with another storage area, all redound to the most attractive medical office space in the Boone market today. Courthouse records reflect a recent sale of neighboring unit for considerably more. 24 hours notice is requested out of respect for the tenant, and showings are available on Fridays - Sundays and other weekdays between 6:00 and 8:00 PM. Thank you for touring our property!

Location

State NC

County Watauga

Area 1-Boone, Brushy Fork, New River

Interior

Heating Electric, Forced Air, Gas, Heat Pump

Cooling Central Air

Fireplace No

Exterior

Parking Features Paved

Utilities Available Cable Available

Water Access Desc Public

Roof Type Metal

Building

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Hardin Park

High Schools Watauga

Others

Tax ID 2910-44-9160-002

Acceptable Financing Cash, New Loan

Listing Terms Cash, New Loan

High Country MLS
Listed by Boone Real Estate

Nearby Locations

Realty Execs Admin

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610 State Farm RD #2