9218 Highway 105

This well located 8400 +- SF multi-unit commercial strip center, Blue Ridge Business Plaza, has great exposure to NC Highway 105 South in Foscoe. The building is situated on a level 1.749 acre tract. There are currently a total of 12 rentable units within the building, but the space can be reconfigured to accommodate other layouts. The existing tenants are all leasing on a month to month basis at the present time. The building which was constructed in 1990 is in generally good condition, and there are 26 marked parking spaces on the asphalt paved lot. The property is zoned Highway District. This bank owned property is priced to sell at a price below appraised value as of September 2, 2012, and is listed significantly less than previously listed selling prices. The property is offered as-is. This represents a great opportunity for a owner-user who can occupy all of the building or part of the building with the remaining space available for rental income. At the current pricing, it also is an appealing investment income property with lease rates offered to attract full occupancy.