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
32 Acres in Flat Rock NC | NEW! Developers, take a look at this prime 32-acre tract with easy access to U.S. 25 and I-26 in Flat Rock NC. The land is gently sloping with groomed pasture land adjoining Green River Game Lands, a state-owned tract of more than 18,000 acres. This property is suitable for subdivision, family compound, equestrian estate, private estate, or weekend getaway. This is the last acreage tract of this type available in Flat Rock and a must see for investors or those seeking privacy on park-like grounds. Quick access to Hendersonville NC. View details on this acreage tract.
Warehouse/Office | NEW!This office and warehouse in Hendersonville NC is an incredible opportunity and priced for quick sale or lease. The updated office features new roof, 4 offices, kitchen, full bath, and heat pump. The warehouse is 11 years old with wide open flex space and bathroom, 2/12-foot doors and 14-foot ceiling, propane heat, huge concrete parking area, custom stick built warehouse with 6" walls. Just off U.S. Highway 25 connector and only 1 mile to I-26. Perfect for your growing business. View details on this great investment.
Event Center on 29 Acres | NEW!Alive with turn-of-the-century Southern ambiance, Lenora’s Legacy is a magical 29-acre event center hosts corporate retreats and weddings. The restored 1900 vintage manor house is maintained in pristine condition. Immaculate grounds and manicured landscaping create a gracious setting for the collection of restored historic buildings including gazebo and peach shed entertainment pavilion. Ideal for event center, wedding venue, corporate retreat, vacation rental, or retreat center. Open fields, level terrain and no zoning offer the potential for additional development. Easy drive to Tryon, Landrum, Spartanburg, Greenville. View details on this landmark property.
I-26 Commercial | Investors, see this great Hendersonville NC commercial property on Hendersonville's newest major entry corridor to Flat Rock and the South side of town. The parcel features +/-.76 acres with incredible visibility, located only 1/2 mile from I-26 exit 53. City water, sewer, and natural gas are on the property. Two cute buildings can be used or demolished to create an ideal location to showcase your growing business. Building 1 could be used as a house or office. Building 2 could be a workshop, office, or storage building. View details of this great opportunity.
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 country estate, horse farm, or enclave of custom homesites. The property offers three access points including direct access from Emmas Grove Road. View more details of this pristine acreage.
Commercial Highway Frontage | Investors, see this commercial lot on Spartanburg Highway near the Highway 25 connector. I-26 is less than 1 mile away and this acreage is priced for quick sale. The lot has 143 feet of highway frontage and has been cleared and graded. Sale or lease. Additional acreage is available from same seller. View more details of this 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.
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 1 stable tenant 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.
Some of Our SOLD Investment Properties
Multi-Family | SOLD! 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.
Cove Top Sportsmanís Camp | SOLD! Cove Top Sportsmanís 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 outdoorsmanís 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, huntersí paradise or fishermanís base camp. View more details of this land tract.
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
10.8 Acres in North Asheville | SOLD! Discover prime Asheville NC mountain acreage. This10.85-acre tract is located near the Asheville Country Club on the historic Thoms Estate. With a desirable setting in north Asheville off of Elk Mountain Scenic Highway, the acreage offers gentle terrain, views of close mountain ranges, a healthy mix of woods and cleared land, and complete privacy. The property includes a complex of structures which could be restored, including a 1928 home, carriage house and barn. Additional land available. View details of this acreage.
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 youíll 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.