University Square | 1126 Blowing Rock Rd
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University Square 1126 Blowing Rock Rd
10,825 SF 100% Leased Retail Building Boone, NC 28607 £1,696,350 (£157/SF) 6.90% Net Initial Yield
Executive Summary
Appalachian Commercial Real Estate is pleased to be the exclusive seller’s agent for this multi-tenant commercial property with an additional quadruplex (131 Winklers Creek Road, Boone, NC 28607) located at 1126 Blowing Rock Road, Boone, NC 28607. The property is 100% leased with long-term tenants on both the commercial and residential components.
This property is located on the core commercial corridor, US Highway 321, or Blowing Rock Road.
The parcel identification numbers include 2910-23-7697-000, 2910-23-7548-000, and 2910-23-6658-000. A portion of the property is located in FEMA Flood Hazard Areas.
Please do not disturb the tenants. If necessary, call the agent to coordinate a showing of the interior of the building improvements.
This property is located on the core commercial corridor, US Highway 321, or Blowing Rock Road.
The parcel identification numbers include 2910-23-7697-000, 2910-23-7548-000, and 2910-23-6658-000. A portion of the property is located in FEMA Flood Hazard Areas.
Please do not disturb the tenants. If necessary, call the agent to coordinate a showing of the interior of the building improvements.
Data Room Click Here to Access
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,825 SF
Building Class
C
Year Built
1978
Price
£1,696,350
Price Per SF
£157
Net Initial Yield
6.90%
NOI
£117,048
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.25
Land Acres
1.00 AC
Opportunity Zone
Yes
Zoning
B-3 - B-3 General Business District
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £427,996 (2023) | |
| Land Assessment | £679,883 (2023) | Total Assessment | £1,107,878 (2023) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£679,883 (2023)
Improvements Assessment
£427,996 (2023)
Total Assessment
£1,107,878 (2023)
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James Milner, CCIM - Appalachian Commercial Real Estate
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University Square | 1126 Blowing Rock Rd
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