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
138 Acres in Hendersonville | NEW! Adjoining Camp Blue Star in the idyllic Little River Valley just outside Hendersonville, this exceptional acreage boasts paved road access from two roads, 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.
181 +/- Acres in Hendersonville | NEW! RARE FIND! Remarkable large acreage tracts like this Hendersonville land tract are rarely found on the open market. Located on Jeter Mountain between Hendersonville and Brevard, this tract of approximately 181 acres features established grass pastures, spring head, stream, richly wooded mountain land, paved road frontage, and astonishing south facing views. The land rises from rolling open meadows at the lower elevations to the top of the ridge and borders similar large acreage tracts. View more details on this rare acreage.
14.6 Acres with Frontage | NEW ! This rare commercial acreage in Hendersonville features 14.6 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 2800 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. View more details of this prime acreage.
Retail Shopping Center | NEW! Investors, here’s a premier retail shopping center on 1.3 acres with high visibility and strong high traffic count at the major intersection in the Horse Shoe community near Hendersonville, North Carolina. The 2002 retail building features 5,000+ square feet of space, solid construction and attractive design with log siding and stone accents. This property sees a 13,000 to 14,000 daily car count. View more details on this shopping center.
Multi-Family | NEW! Investors, this is an excellent commercial property in Asheville. Located on major Hwy 74-A (Charlotte Highway) in Fairview, just 15 minutes East of downtown Asheville and with easy access to I-40, this property has great visibility, level land, city water and 14,000 car count daily. This 4.97-acre tract is located in a commercial district across from Food Lion and would lend itself as a great investment for office or retail location. View more details on this prime commercial property.
Asheville Commercial | NEW! Investors, this is an excellent commercial property in Asheville. Located on major Hwy 74-A (Charlotte Highway) in Fairview, just 15 minutes East of downtown Asheville and with easy access to I-40, this property has great visibility, level land, city water and 14,000 car count daily. This 4.97-acre tract is located in a commercial district across from Food Lion and would lend itself as a great investment for office or retail location. View more details on this prime commercial property.
Retail Building 1 | NEW! 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 | NEW! 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 | NEW! 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 | NEW! 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.
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. View more details about this investment property.
3 Downtown Buildings | REDUCED! 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.
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.
76 Acres Near Lake Lure | REDUCED! Price has been slashed by 37%. Motivated sellers want to move this property. Discover breathtaking panoramic mountain views from this exemplary 76-acre tract of land near Lake Lure. The parcel features open meadows, rich woodlands, several brooks, natural springs and a beautiful pond. The acreage is ideal for a private estate, a retreat center or an enclave of fine homes. Located only 8 minutes from Lake Lure, the tract boasts a prime setting near the neighboring developments of Lake Adger and Bright’s Creek Golf Club. View more details of this exceptional land tract.
62-Acre Tract | REDUCED ALMOST 50%. INCREDIBLE VALUE. Invest your money. Build your dreams. This exemplary Tryon acreage is ready for building and ideal for land banking. The acreage offers a pristine level to rolling terrain, easy access and a prime location in the Carolina foothills. The tract features open pasture, a delightful stream, rich woodlands and long paved road frontage. This acreage affords easy access to the towns of Landrum and Tryon as well as to I-26. The site is perfect setting for a horse farm, retreat center or private country estate. View more details on this estate acreage.
163 Acres on the Creek | Come to the rushing Robinson Creek and explore this 163-acre tract of rolling land with mature forest and mountain views. Only minutes from historic downtown Forest City, NC this parcel has potential for development or a unique private estate. With rare extensive creek frontage and land suitable for development this parcel also offers ease of access from a paved road, a short drive to Charlotte airport, and gentle topography. View more details of this exceptional acreage.
50 Acres at Pisgah National Forest | Enjoy the peace and privacy of “end of the road” living adjoining thousands of acres of the Pisgah National Forest. Located midway between Asheville, Hendersonville, and Brevard, the front door of this 50-acre haven is situated at the end of a paved country lane on the south side of Forge Mountain. The back door opens to thousands of acres of forest and game lands. With easy access to Vineyard Gap Trail, one can hike or mountain bike for miles. With rolling to sloping terrain rising to 3000’ elevation at the crest of Forge Mountain, the land offers several very nice homesites with southern exposure. Possible owner financing. View more details of this desirable acreage.
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.
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
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.