Exceptional Investment Opportunity: Multi-Use Suite Complex in Celo Community, Yancey County 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!
| MLS # | 4360186 |
|---|---|
| Listing Type | For Sale |
| Style | Retail Center |
| Sub-Type | Resale |
| Status | Active |
| Year | 2001 |
| Days On Site | 157 |
| Listing Provided By | RE/MAX RESULTS | Dan Wahlers |
| Bath(s) | 13 |
|---|---|
| Units | 22 |
| Building(s) | 2 |
| Acreage | 0.92 |
| Cooling | Separate Meters, Window Unit(s) |
|---|---|
| Heating | Propane, Separate Meters |
| Roof | Architectural Shingle, Metal |
|---|---|
| Security Features | Smoke Detector(s) |
| Construction Materials | Wood |
| Foundation Details | Crawl Space |
| Lot Features | Level, Open Lot, Creek/Stream, Other - See Remarks |
| Parking Features | Parking Lot |
|---|
| Utilities | Cable Available, Electricity Connected, Fiber Optics |
|---|
| List Aor | Land of The Sky Association of Realtors |
|---|
| Property | 490500 |
|---|
| State | NC |
|---|---|
| County | Yancey |
| City | Burnsville |
| Zip Code | 28714 |
| Area | Yancey |
| Listing VS Median (in 28714) | |
Price: $699,999 low | high Med: $499,000 On site: 157 low | high Med: 45 | |
| State | NC |
|---|---|
| County | Yancey |
| City | Burnsville |
| Zip Code | 28714 |
| Area | Yancey |
| Listing VS Median (in 28714) | |
Price: $699,999 low | high Med: $499,000 On site: 157 low | high Med: 45 | |