For Sale
$690,000

565 George Wilson RdBoone, NC 28607

High-yield investment, daycare lease in place.

Overview

Added:
Feb 3
Days on market:
61
This exceptional commercial property at 565 George Wilson Road, Boone, NC, presents a lucrative investment opportunity. The 6,550 square foot building sits on a 1.9-acre lot, boasting approximately 170 feet of frontage on a state-maintained paved road, providing easy access to Highways 421 and 105. Currently operating as a successful daycare/pre-school under lease until 2029, this property is ideal for passive investors seeking high returns. The existing lease offers an estimated cap rate of around 8%. The main level comprises eight classrooms, a full kitchen, office space, bathroom, storage, and a utility room. Many classrooms include integrated sinks and/or toilets. The upper level, offering over 1,900 square feet, is currently divided into two suites. Suite 1 is configured as a two-bedroom, one-bathroom unit with a full kitchen and living area. Suite 2 is used for storage but has the potential to be converted into a similar two-bedroom, one-bathroom unit. Ample paved parking is available on-site. The property's proximity to Appalachian State University and downtown Boone (less than 3 miles) adds to its desirability and potential for future growth. This is a rare chance to acquire a well-established, income-generating property in a thriving location.

Property Details for 565 George Wilson Rd

Property type
Square Feet
6,550 SF
Year Built
1985
Lot Size (sq. ft)
82,764 SF

Location Insight

City
Boone
County
Watauga
State
North Carolina
Latitude
36.22086
Longitude
-81.71365
565 George Wilson Rd, Boone, North Carolina

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565 George Wilson Rd
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