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 Properties

Warehouse, Office & Rental House | REDUCED! Investors, take a closer look at this 5.86-acre commercial property on Highway 11. The property includes 40' x 130' 5400-square-foot all-steel insulated warehouse with loading dock; 14' x 56' office trailer; 2-story house built in 1894 and renovated in 1980 (currently rented); 5.86 acres of level land with road frontage; Easy access to Tryon NC, Landrum SC, U.S. Highway 25 and I-26. This complex is the ideal multi-use commercial property. View more details of this property.

82 Acres at the State Line | NEW! Enjoy year round mountain views from this beautiful hilltop acreage near Tryon NC. The property is made up of three tracts with rolling terrain and road frontage on two roads. Centrally located between Columbus NC, Boiling Springs SC and Spartanburg SC, the property is only six miles from the Green Creek Equestrian Park. The northern property line is the NC/SC state line. This 82-acre tract is suitable for residential, agricultural or commercial use. City water available. Additional acreage available. No deed restrictions. View more details of this foothills acreage.

138 Acres in Hendersonville | REDUCED ALMOST 50% Adjoining Camp Blue Star in the idyllic Little River Valley just outside Hendersonville, this exceptional acreage boasts paved road access, rolling meadows on the lower elevation and wooded acreage with distant vistas on higher elevations. The property, flanked by camp acreage and private property, features extraordinary views to the rock face on Pinnacle Mountain. Located only 7 miles from downtown Hendersonville, the acreage is ideal for a private estate, land banking, a retreat center or an enclave of large estate homesites. View more details on this remarkable acreage.

182-Acre Cove in South Asheville | NEW! This premier 182-acre private mountain cove is located only 10 miles from downtown and 10 miles from the Asheville Airport. With elevations up to 3,100 feet, the land offers impeccable layered mountain vistas to the south, east, and west. Known as Merrill’s Cove, the tract rests along the southern flank of Butler Mountain in South Asheville. It features richly wooded acreage, a bold stream and several springs plus numerous homesites with year round mountain views. Easy access is the crowning point of this parcel. The land can be accessed from multiple points and also includes a network of interior gravel roads. This is an incomparable pristine land tract with an unparalleled location. View more details on this prime land tract.

Commercial Highway Frontage | Motivated seller! The property includes highway frontage on Spartanburg Highway/U.S. 176 and only one block off U.S. 25 in Hendersonville NC. The property includes approximately 2.5 acres of cleared and graded land with 290 feet of highway frontage on Spartanburg Highway/U.S. 176. Traffic count is over 22,500 cars per day. Additional acreage available. Possible owner financing or lease to the right buyer. View more details of this property.

Warehouse in Hendersonville | MOTIVATED SELLER! Take a look at a great warehouse and office buildings on 2 acres. The property includes approximately 290 feet of highway frontage on Spartanburg Highway (U.S. Highway 176) and is located only one block from U.S. Highway 25 which is currently being widened to 4 lanes. Built in 2004, the multi-use heated warehouse building is approximately 2,420 square feet. I-26 is just 1 mile away. View more details about these buildings.

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.

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.