870 Main Street
$4,800,000
11
7
2
6,207
6,207
$773
Description
9.09% Potential 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...9.09% Potential 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!
- Listed by Steven Gillooly • Gillooly & Associates Realty • 919-612-9885
Property Details for 870 Main Street
Architectural Style
Mountain
Parking FeaturesAsphalt, Driveway, Other, SeeRemarks
Subdivision NameSnyder Place
Zoning DescriptionCentral Business,Other-See Remarks
LISTING UPDATED: 11/24/2024 12:45 PM
Property Details for 870 Main Street
Status | Active |
---|---|
MLS # | 251028 |
Days on Market | 123 |
Taxes | $19,559 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1940 |
Lot Size | 0.26 AC / 11,325 SF |
County | Watauga County |
Building Information for 870 Main Street
Stories3Year Built1940Building Size-Lot Size0.26 AC / 11,325 SF
Property Information for 870 Main Street
Property History for 870 Main Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
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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