Blue Ridge Plaza Shopping Center   |  247 Mount Jefferson State Park Road   |   50,389 sf

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Nick Gonzalez at nick@ltpcommercial.com

    —or—

    Cole Carns at ccarns@ltpcommercial.com

    Investment and/or redevelopment opportunity in West Jefferson, NC. Lowes Foods has vacated the center, but their lease continues to 5/22/21. Convenient location with ample parking and potential for educational, religious, or storage/manufacturing redevelopment or continued retail use with replacement anchor tenant.

    *$2 MILLION BELOW 2015 APPRAISED VALUE

    Address:247 Mount Jefferson State Park Road
    City:West Jefferson
    Zip:28694
    Avail sf ± 50,389
    Price$3,050,000*
  • Aerial Map
    Aerial Photo
  • PROPERTY DETAILS

    Property Type Investment
    Retail
    Avail sf ± 50,389
    sf per Floor ± 50,389
    Retail sf ± 50,389
    Year Built ±1991
    Acres ±10.9
    Lot Size10.9 Acres
    SprinkleredYes

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    TAX INFORMATION

    ZoningC-S
    County:Ashe , NC
    Tax PIN19223423

    PRICING & TERMS

    Price$3,050,000*
    NOI$416,964 (2019)
    Tax Value$3,377,200
    Cap Rate13.67%
    CommentsInvestment and/or redevelopment opportunity in West Jefferson, NC. Lowes Foods has vacated the center, but their lease continues to 5/22/21. Convenient location with ample parking and potential for educational, religious, or storage/manufacturing redevelopment or continued retail use with replacement anchor tenant. *$2 MILLION BELOW 2015 APPRAISED VALUE