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.
To discuss replacement properties that are currently available, contact us with your 1031 exchange requirements. Also, we can provide details on listings found in the Asheville MLS and the Tryon MLS.
Our Featured Investment Property
3 Downtown Buildings | NEW! The Landrum
Antique Mall is located on the main Highway 14 corridor in the heart of Landrum, South Carolina. This three-building complex is a high traffic site with more than 10,000 square feet of space plus easy access and high visibility. Carry on the existing antique business or create your own entrepreneurial venture in this prime commercial property. View
more details of this commercial complex.
71 Acres in Asheville | NEW! Take a closer look at this prime large acreage tract located only 10 minutes southeast of Asheville. With rolling to sloping tract and expansive views, the 71-acre parcel offers a private setting that feels remote, yet lies very close to town. You won’t find raw land tracts of comparable size this close to downtown Asheville. With paved access and logging roads throughout, this acreage boasts beautiful, far-reaching views in every direction. The land tract borders a well-known high end residential development in South Asheville. View
more details about this 71-acre tract.
228 Acres
in Waynesville | Our featured
land for sale is a rare
228-acre tract of land in Waynesville, NC. This property has
been passed down in the family for generations and is available
on the open market for the first time. With frontage on all sides
of an intersection along major Highway US 276 less than 1 mile
from the city limits, this acreage is ideal for a major mixed
use development or urban village. The prime location with multiple
access points, level land, and nearby utilities make this acreage
a developer’s ideal.
View more information on this Waynesville
NC land.
100
Acres | Investors,
take note of these two high visibility parcels of commercial
land in the high growth corridor of Forest City, North Carolina. Both
tracts are located just off of U.S. 74. One tract of 45 acres lies
adjacent to Wal-Mart while the other tract of 55 acres is located
near the Isothermal College campus. The tracts are ideal for highly
visible retail, hotel, office park, mixed use project or condo/townhome
community. Water and sewer available. View
more details of these
two prime commercial land tracts.
27
Acres with Rentals | NEW! This 27-acre
parcel boasts stellar 180-degree vistas across two states. The site of the Josephine Merwin Thompson estate, this property features three tracts with two homes and a pool house with indoor heated pool. Stone walls, paved road access, gentle trails and proximity to both Tryon and I-26 provide an exceptional setting. The property is ideal for land investment, rental property or vacation rentals. Zoning allows further subdivision to create an enclave of homes. View
more details about this prime investment property.
30
Acres at Lake Lure | Discover this secluded 30-acre
land tract on located only minutes from the main beach at Lake
Lure. Featuring long range views of surrounding mountains, this
rolling land is bordered by Otter Creek. This secluded property
is located only a short drive to numerous recreational opportunities
in the western North Carolina mountains including the new state
park at Chimney Rock, the Rumbling Bald Resort at Lake Lure,
the main beach at Lake Lure and many area golf courses. The gentle
lay of the land offers an easy terrain for a small residential
development. The land is also ideal for a private estate, retreat
center or prime investment property. View more details on this Lake
Lure property.
349
Acres at Bright's Creek | Here’s a rare 349-acre
tract located adjacent to Bright’s
Creek Golf Club, North Carolina’s luxury mountain golf community.
Set in the pastoral foothills between Lake Lure and Tryon, this
magnificent large acreage tract features stellar mountain views,
several bold streams, electricity and paved road frontage. Located
in a quickly developing corridor of private estates, horse farms
and luxury communities, the tract is ideal for a private residential
community, retreat center, hunting resort or land investment.
View more details on this large acreage tract.
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.
North Carolina Investment Property
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.