870 Main Street

Blowing Rock, NC 28605

$4,500,000
Price
11
Beds
7
Baths
2
1/2 Baths
6,207 Sq. Ft.
$725 / Sq. Ft.
6,207
Sq. Ft.
$725
per Sq. Ft.

Description

6.75 % cap rate! RARE INVESTMENT OPPORTUNITY-NEWLY RENOVATED/FULLY FURNISHED, 3-story, 6,207 Sq. Ft. Multi-Purpose Commercial Restaurant/Residential Building 11 Bedrooms Marble Baths in picturesque Downtown Blowing Rock. Exceptional income/investment potential or a personal residence! Meticulous attention to detail, Over $3,500,000 in renovations in 2024. Radiates elegance, professional décor, new furnishings, & new smart T. V.s. New lighting, ceiling fans, and appliances. With new HVAC units, instant...6.75 % cap rate! RARE INVESTMENT OPPORTUNITY-NEWLY RENOVATED/FULLY FURNISHED, 3-story, 6,207 Sq. Ft. Multi-Purpose Commercial Restaurant/Residential Building 11 Bedrooms Marble Baths in picturesque Downtown Blowing Rock. Exceptional income/investment potential or a personal residence! Meticulous attention to detail, Over $3,500,000 in renovations in 2024. Radiates elegance, professional décor, new furnishings, & new smart T. V.s. New lighting, ceiling fans, and appliances. With new HVAC units, instant water heaters, and separate utility meters, this building allows the new owner to retain one or both residential units for personal use or capitalize on income/investment opportunities. The Social on Main Restaurant operates under a long-term lease on the 1st Floor. Short-term rentals in the residential units complement the restaurant's income. $486,000 Projected Income Per Year. Expenses average $49,542.40 per year. A charming large outdoor hand-built stone seating area enveloped in gas lanterns creates an enchanting ambiance overlooking Main Street. The second floor has 5 bedrooms adorned w/ marble bathrooms featuring heated/bidet toilet seats, a shared laundry room, and a gourmet kitchen connected to a large family room. An expansive outdoor deck features a new built-in gas grill and Jacuzzi. The third floor unveils 6 bedrooms, w/ marble bathrooms with heated/bidet toilet seats, alongside a grand kitchen and family room featuring vaulted ceilings. A sprawling outdoor deck w/ built-in gas cooking grill offers panoramic views of Main Street Downtown Blowing Rock. Both units boast expansive windows overlooking Main Street. The building has legal approval with the Town of Blowing Rock, allowing short-term rentals through platforms like AirBNB and VRBO due to the property's commercial zoning. Notably, the property features its own parking lot with assigned spaces for each bedroom for the residential units, a rare amenity in downtown Blowing Rock. Priced to sell!
  1. Listed by Steven Gillooly • Gillooly & Associates Realty • 919-612-9885

Property Details for 870 Main Street

Architectural Style
Mountain
Parking Features
Asphalt, Driveway, Other, SeeRemarks
Subdivision Name
Snyder Place
Zoning Description
Central Business,Other-See Remarks
LISTING UPDATED: 12/18/2024 12:18 PM

Property Details for 870 Main Street

StatusActive
MLS #251028
Days on Market155
Taxes$19,559 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1940
Lot Size0.26 AC / 11,325 SF
CountyWatauga County

Building Information for 870 Main Street

Stories3Year Built1940Building Size-Lot Size0.26 AC / 11,325 SF

Property Information for 870 Main Street

Summary
Location and General Information
  • Directions: From Downtown Boone take US-321 S / US-221 S / Blowing Rock Road for 6.3 miles, then turn right onto US-221 N / US-321 N Bus / Us Highway 221 S go .6 miles and arrive at US-321 S Bus / US-221 S / 870 Main Street downtown Blowing Rock. "The Social On Main Restaurant" is on the First Floor. Turn right on Hill Street, 2nd floor, entrance to residential Unit B, which is immediately on the right, then turn right on Sunflower Street. The 3rd floor entrance is immediately on your right.
  • Road Surface Type: Paved
  • Postal Code: 28605
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 4-BlueRdg, BlowRck YadVall-Pattsn-Globe-CALDWLL)
  • MLS Area Minor: Blowing Rock
Taxes and HOA Information
  • Parcel Number: 2807-98-4866-000
  • Association: No
  • Tax Annual Amount: $19,559
  • Tax Assessed Value: 1955880
  • Tax Book Number: 2274/057
School Information
  • Elementary School: Blowing Rock
  • High School: Watauga
Property
Lot Information
  • Above Grade Finished Area: 6207.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Units: Acres
  • Living Area: 6207.0
Property and Assessments
  • Other Structures: LivingQuarters
  • Year Built: 1940
  • Documents Available: Disclosures, LeadBasedPaintDisclosure, SellersPropertyDisclosure
  • Human Modified: Yes
Utilities
  • Sewer: PublicSewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: HotTubSpa
  • Spa: Yes
  • Community Features: LongTermRentalAllowed
  • Construction Materials: Brick, Masonry, Stone, WoodFrame
  • Foundation Details: Slab
  • Security Features: SecuritySystem, ClosedCircuitCameras
  • Spa Features: HotTub
  • Roof: Metal
Interior Features
  • Levels: ThreeOrMore
  • Stories: 3
  • Stories Total: 3
  • Flooring: LuxuryVinyl, LuxuryVinylPlank, Other
  • Bathrooms Full: 7
  • Bathrooms Half: 2
  • Bathrooms Total: 9
  • Bedrooms Total: 11
  • Rooms Total: 3
  • Cooling: Yes
  • Cooling: Electric
  • Heating: Yes
  • Heating: Ductless
  • Furnished: Furnished
  • Fireplace Features: Other, SeeRemarks
  • Laundry Features: UpperLevel
  • Appliances: ConvectionOven, Cooktop, DownDraft, Dryer, Dishwasher, ExhaustFan, Freezer, GasCooktop, Disposal, GasWaterHeater, Microwave, Refrigerator, TanklessWaterHeater, Washer
  • Interior Features: Attic, CarbonMonoxideDetector, Furnished, HandicapAccess, HotTubSpa, PullDownAtticStairs, SecondKitchen, VaultedCeilings, WindowTreatments
  • Window Features: WindowTreatments

Property History for 870 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 870 Main Street

Taxable ValueLand$426,500Additions$1,514,320Total$1,940,820
Home Facts
Total Finished SqFt2,220 SqFtAbove Grade Finished SqFt2,220 SqFtLot Size11,326 SqFtStyleRestaurantYear Built1940ZoningBR-CBCountyWATAUGAAPN2807-98-4866-000

Schools near 870 Main Street

This home is within Watauga County School District.
Rating
School
Type
Grades
Distance
Blowing Rock Elementary
Public - PK to 8
Watauga High
Public - 9 to 12
Watauga Innovation Academy
Public - 9 to 12
Watauga Virtual Academy
Public - K to 8
Rating
School
Distance
Blowing Rock Elementary
PublicPK to 8

Watauga High
Public9 to 12

Watauga Innovation Academy
Public9 to 12

Watauga Virtual Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 870 Main Street, Blowing Rock, NC 28605

870 Main Street is a single family home for sale in Blowing Rock, NC 28605. This property was listed for sale on July 24, 2024 by Gillooly & Associates Realty, it's currently listed at $4,500,000. It has been on the market for a total of 155 days and was last sold on May 16, 2022. This listing's school district is Watauga County School District. Nearby schools include Blowing Rock Elementary, Watauga High and Watauga Innovation Academy. 870 Main Street is a 11-bed, 8-bath, 6,207 sqft single family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gillooly & Associates Realty

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