1031 Exchange Real Estate
In Western North Carolina
Through our 1031 exchange real estate services, Sheelah Clarkson Asheville Real Estate Agency helps investors locate 1031 exchange properties and prime investment property in North Carolina. We understand the time constraints associated with identifying 1031 exchange real estate and we are pleased to help our buyers find replacement investment properties quickly. With a solid track record in commercial real estate and industrial properties across the Carolinas, we have assisted national and international investors with their real estate investment needs for more than 20 years.
Our Featured Investment Properties
Tryon Vineyards | NEW! This classic North Carolina vineyard features 82 acres with an established 35-acre vineyard, exquisite mountain vistas, rolling terrain, and frontage on two roads. The producing vineyard boasts Merlot, Cabernet, Chardonnay, Pinot Gris, and Viognier vines plus a permanent irrigation system. Multiple building sites, open pastureland and pristine views make this acreage ideal for a working vineyard, commercial winery, equestrian property or private estate. Only 10 miles to I-26. View more details of this one-of-a-kind property.
3 Buildings at I-26 | Investors, take a closer look at this prime commercial property in Columbus, NC. These three commercial buildings are situated just a few hundred yards from the intersection of I-26 and Hwy 108 S with road frontage on Hwy 108 S/W, a busy retail and business location in the heart of Polk County, NC. The three all-brick buildings constructed in 2002, 2005 and 2007 are ideal for professional office or bank. Buildings can be sold together or separately. The opportunity to purchase or lease part or all of this property is negotiable. View more details of this prime commercial property.
161 Acres in Asheville | This iconic Asheville acreage with stunning long range mountain views features 161 acres on Emmas Grove Road, only 10 minutes from downtown Asheville. The rare large acreage tract includes open pasture land, mature hayfields, a 1930s-era brick farmhouse, rolling terrain with small creek, and large area of wooded forest. Perfect for a private estate, equestrian community, horse farm, or enclave of custom homesites. The property offers three access points including direct access from Emmas Grove Road. Some owner financing possible. View more details of this pristine acreage.
Cove Top Sportsman’s Camp | Cove Top Sportsman’s Camp is a 400-acre watershed cove recreational land with two mountaintops rising to a 4,000-foot elevation, three bold creeks and end-of-road privacy. The property features a custom lodge with native stone fireplace and upscale finishes, guest cabin, outbuildings, and picturesque trout pond with waterfall and gazebo. An outdoorsman’s paradise with miles of ATV trails, the property adjoins Pisgah National Forest and North Carolina game lands. Nearby Toe River provides legendary trout fishing. Perfect for group retreat center, private resort, hunters’ paradise or fisherman’s base camp. View more details of this land tract.
Commercial Highway Frontage | REDUCED! Choose from two highly visible 1-acre + commercial lots on Spartanburg Highway near the Highway 25 connector. I-26 is less than 1 mile away and these lots are priced for quick sale. Each lot has 143 feet of highway frontage and has been cleared and graded. Buy one or both. Sale or lease. Additional acreage is available from same seller. View more details of this property.
Hendersonville Commercial |Investors, here’s your high visibility Hendersonville commercial property on U.S. 25 Spartanburg Highway, southeast of downtown. Currently used as a professional office, the property features a classic 1925 structure with easy care vinyl siding, approximately 1550 square feet of space, city water and sewer, central gas heat and central AC. Plenty of parking, C-4 zoning, large 3-acre lot and prime location on major 4-lane highway, only 2 miles to I-26. View more details on this commercial property.
Multi-Family | REDUCED! This multi-family property is the ideal investment for the landlord seeking a stable residential property with a great rental history. The 12-unit fully leased rental property is within walking distance to downtown Hendersonville and has been a stable source of income for its owners. The property consists of two buildings constructed in 1987 and 2001 located on approximately 1.94 acres. View more details on this investment property.
Retail Building 1 | REDUCED! This fully leased commercial building has a stable tenant and includes 2 units, side lot and convenient location near the downtown shopping district and Four Seasons Boulevard, the main corridor into town from I-26. The property is in the city of Hendersonville, zoning is C2, and acreage is .25mol with street parking and a side lot that is partially fenced. This property is the ideal investment for the landlord looking for a fully leased older building with a great rental history. View more details on this commercial property.
Shopping Center | REDUCED! Located along the new Southern gateway to Hendersonville, this eight-unit strip shopping center is a stand out. The property has a low maintenance Hardiboard siding exterior, 65 parking spaces and county taxes. The original structure, built in 1990, was totally remodeled and enlarged in 2006. This corner lot complex houses 8 tenants in approximately 13,800 square feet with a 1200-square-foot storage unit as a bonus. Prime location on 5-lane Spartanburg Highway, high traffic count, high visibility. View more details on this shopping center.
Office Building | REDUCED! This handsome, fully leased office building in Hendersonville is ideal for the discriminating investor. A low maintenance exterior with Hardiboard siding and beautiful landscaping make owning this building a simple pleasure. Built in 2005, this charming corner lot complex houses 3 tenants in approximately 5050 square feet. Two 1000-square-foot units suitable for retail or offices are located on the ground floor with a spacious 3000+ square-foot office suite taking up the main and upper floors. All units are handicap accessible. View more details on this commercial office building.
Retail Building 2 | REDUCED! Located on Historic 7th Avenue East in downtown Hendersonville, this fully leased commercial building is ideal for the savvy investor. The property has 2 tenants and includes 2 units with retail and garage/warehouse space. The property is in the city of Hendersonville, zoning is CBD, and acreage is .14mol with street parking and parking along the alley. It boasts a convenient location near the downtown shopping district and Four Seasons Boulevard, the main corridor into town from I-26. View more details on this commercial building.
55 Acres Commercial | REDUCED! Investors, take note of this high visibility parcel of commercial land in the high growth corridor of Forest City, North Carolina. Located near the Isothermal College campus, the tract is ideal for highly visible retail, hotel, office park, mixed use project or condo/townhome community. Water and sewer are available. View more details of this prime commercial land tract.
Some of Our SOLD Investment Properties
Adjacent to Wal-Mart |This prime 45-acre tract is located next to the Wal-Mart shopping center along a high growth corridor of Forest City, North Carolina. Ideal for a range of high visibility venues including big box retail, hotel, office park, mixed use project. Water and sewer available. SOLD
11 Acres with Frontage | REDUCED BY 69%! Price reduced from $1,295,000 to $399,000. This rare commercial acreage in Hendersonville features 11 acres with highway frontage on two main highways -- Spartanburg Highway/Hwy176 and Highway 25, currently being widened to 4 lanes. The parcel includes rolling cleared land with great mountain views and over 2300 feet of highway frontage on the two highways. Traffic count is over 22,500 cars per day. Investors, with this parcel you’ll have unlimited potential in the fastest growing corridor of Henderson County. SOLD
Unlimited Potential | Investors, take advantage of unlimited potential to expand this 14-acre investment property into a mini development, cabin rental business, or business services center. With over 600 feet of commercial road frontage, this property can suit a wide variety of business needs. The custom 4,000-square-foot log home and the additional 1000-square-foot free standing building feature plenty of space and ample parking. The property is located on Highway 9 in Mill Springs, a growing business corridor which experiences continuous traffic bound for several residential and resort communities such as Lake Lure and Lake Adger. SOLD
1031 Exchange Real Estate Basics
A 1031 exchange refers to Section 1031 of the IRS code which addresses the exchange of real property held for productive use or investment.
- Section 1031(a)(1) IRS Code
In a typical sale of investment or commercial property, the owner can be taxed on any capital gains realized by the sale. However, the 1031 exchange allows an investor to defer payment of capital gains tax by disposing of one investment property and exchanging into another without incurring immediate tax liability. Thus, the earning power of the tax deferred dollars continues to work for the investor through the new investment property.
The 1031 exchange offers more than favorable tax benefits. It can also be used as a means of strategic investment planning. The smart investor can use a 1031 exchange to reach beyond tax deferment and fulfill a broader financial strategy. For instance, an investor might exchange into a property with a superior location, easier management, or improved cash flow.
The 1031 exchange is an excellent tool for any investor seeking to preserve, create and build wealth through investment real estate. To learn more about 1031 exchange, refer to Section 1031 of the IRS Code.
1031 Exchange Real Estate Investment Options
The types of real estate that qualify for a 1031 exchange under IRC Section 1031 include most real property held for investment. Some examples are:
- Raw land
- Motels and hospitality properties
- Office and retail buildings
- Apartments and multifamily properties
- Farms, horse farms, and agri-business property
- Warehousing and industrial real estate
- Single family rentals and vacation rentals
Sometimes called a like kind exchange, a 1031 involves the exchange of real property for real property. Thus, any combination of real property types can be exchanged. For example, a warehouse can be exchanged for an apartment building, a motel can be exchanged for raw land, or a bed and breakfast can be exchanged for a retail building. Also, an investor might opt to exchange one large investment property for several smaller investment properties.
Our 1031 Exchange Real Estate Services
It is important that a 1031 transaction be structured to meet all the requirements in Section 1031 of the Internal Revenue Code in order to qualify as a valid exchange. The 1031 exchange process requires assistance from a team of professionals,
At Sheelah Clarkson Asheville Real Estate Agency, our brokers help investors to identify and purchase properties that meet the requirements of their investment plans and 1031 exchange timeframe. We invite you to contact us to discuss your 1031 real estate needs. However, we do not provide qualified intermediary services, legal advice, or tax advice. We are pleased to assist our investors in locating experienced professionals to comprise the team. We strongly recommend anyone considering a 1031 exchange make all tax planning decisions with the aid of a CPA and legal advisor.
Western North Carolina investment property can be a lucrative option for real estate investors. Because the greater Asheville and Hendersonville area is a world renowned vacation destination and one of the most popular retirement locales in the nation, it is a prime location for numerous types of commercial properties that cater to travelers, tourists, and active retirees. From where we stand, there has never been a better time to purchase western North Carolina investment property.
For both new investors and experienced investors seeking to expand their portfolio of investment properties, the brokers of Sheelah Clarkson Asheville Real Estate Agency serve as buyer's agents to assist national and international buyers locate prime investment property throughout western North Carolina and upstate South Carolina. With our expertise in commercial real estate and more than two decades of experience in industrial and commercial property sales, we are pleased to be of assistance to qualified buyers. Please contact us with your investment property objectives.