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
10.8 Acres in North Asheville | 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.
7.75 Acres in North Asheville | This magnificent 7.75- acre north Asheville mini estate property boasts rolling terrain, mountain views, and a prime location near the Asheville County Club. The rock and stucco residence is a spacious 1970ís ranch home which offers potential for restoration. This tract offers an ideal development site with southern exposure, private setting and a desirable location with proximity to downtown Asheville, UNCA and I-26. Additional land available. View details of this acreage.
109-Acre O-Ring Farm | This Rutherford County NC acreage includes 109 acres with gentle topography and large private pond. O Ring Farm features rolling terrain with open pasture, mature hardwoods and long range mountain views. Create the lifestyle you choose on this land tract with no zoning and no deed restrictions. Located within minutes of shopping, golf and U.S. 74, the property is ideal for a family compound, private estate or sportsmanís camp. View details of this land tract.
Historic Thoms Estate | REDUCED! Claim this historic Asheville estate property as the setting for your new estate home. The historic Thoms Estate features 18.6 level to rolling acres on Elk Mountain Scenic Highway in the pristine Beaverdam Community of North Asheville. This desirable acreage is ideal for a private estate setting, enclave of luxury homes, or family compound. The property includes a main residence, guest house, carriage house and barn which could be restored to their original magnificence. Located across from The Country Club of Asheville with easy access to shopping, dining, golf, and downtown venues. View details of this estate property.
387 Acres | For investors, land bankers or 1031 exchange, this 387 acres of beautiful mountain land in Yancey County NC features topography ranging from bottom land with bold stream to mountainside vistas. The acreage is located in Yancey County north of Asheville. The new multi-lane highway under construction from I-26 exit brings Burnsville ever closer to Asheville. Great 1031 property, private mountain estate, or land bank at this price. Total acreage made up of several parcels. View details of this mountain acreage.
The Cove at Celo Mountain | The Cove at Celo Mountain is a 58-acre MOL gated North Carolina mountain community now being sold in its entirety. This property affords a wealth of natural amenities including pristine surroundings with short range mountain views, plentiful wildlife, beautiful streams, creeks, bold trout ponds, cascading waterfalls, outdoor parks and manicured hiking trails. The acreage is located only 45 minutes to Asheville. View details of this acreage.
Cove Top Sportsmanís Camp | REDUCED! 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.
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.
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.
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 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.