Opportunity Zone Retail Redevelopment

North Carolina > Hendersonville

Opportunity Zone Retail Redevelopment - 2549 Chimney Rock Rd, Hendersonville, NC 28792

Opportunity Zone Retail Redevelopment: 2549 Chimney Rock Rd, Hendersonville, NC 28792

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For Sale

Retail

For Sale

This property is available for sale

1.05

Acres

$2,400,000

Sale Price

Year Built
1979
Total Building Size
2,630 RSF

Overview
Well-maintained professional office containing 2,630 SF on 1.05-acres located on the extremely busy retail corridor of Chimney Rock Road. Property is bounded on three sides by paved streets, and has ingress and egress from both US Highway 64 to the east and Chimney Rock Road to the west. Traffic count exposure is at least 66,000 cars per day.

The property is in a designated Opportunity Zone. OZ’s were created by the Tax Cuts and Jobs Act of 2017 and encourage investors to buy and improve properties in certain areas of the market. In exchange, investors receive massive tax benefits that can eliminate capital gains on those reinvested funds.

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Property Details

Well-maintained professional office containing 2,630 SF on 1.05-acres located on the extremely busy retail corridor of Chimney Rock Road. Property is bounded on three sides by paved streets, and has ingress and egress from both US Highway 64 to the east and Chimney Rock Road to the west. Traffic count exposure is at least 66,000 cars per day.

The property is in a designated Opportunity Zone. OZ’s were created by the Tax Cuts and Jobs Act of 2017 and encourage investors to buy and improve properties in certain areas of the market. In exchange, investors receive massive tax benefits that can eliminate capital gains on those reinvested funds.