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1031 Exchange

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

Wind in the Willows | NEW! You’ll have several income streams from this organized and well kept working farm, a turn-key operation on 35 acres. The handsome, hand built main house boasts lots of glass, special wood floors, tile, great country kitchen, and south facing views. Three additional homes serve as vacation rentals. The property is fenced and cross fenced with water in every pasture. Enjoy the delightful trout pond, water wheel, and bold creek running through the acreage. The property also includes five barns, bunk houses, hatcheries, commercial kitchen and office. Wind in the Willows is located in Madison County, only 15 minutes from Asheville. View details of this income producer.

Summer Camp for Sale | Remember the magic of summer camp? This enchanting summer camp for sale brings back all the magic and all the memories. Enjoy multiple live water venues including a large swimming pond, bold stream and waterfalls. An historic, nostalgic and popular North Carolina summer camp, this property is now available for purchase. Included for in the sale are the camp buildings, infrastructure and personal property for camp operations. The camp is offered either as whole 217 +/- acres or in part with 161+/- acres. Stoke the fires of your dreams. Come back to summer camp. The value is priceless. View more details of this camp.

I-26 Commercial | NEW! 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.

Tuckaway Trout Camp | REDUCED! Tuckaway Trout Camp offers 2,000+/- feet of dynamic river frontage on the Tuckasegee River. Located just 2 miles from booming Western Carolina University in Cullowhee, this 15+ acre property includes a majority of acreage out of the floodplain allowing for buildability. Will consider subdividing. New survey, appraisal, and soil/onsite wastewater evaluation available. This property is a remarkable blank canvas for residential/commercial combination, recreational fly-fishing venue, camp/outfitter, private estate or family compound. View details of this unique riverfront acreage.

481 Acres near Asheville | High Top Ridges is a 481-acre legacy property located in the desirable Fairview area just outside of Asheville NC. The property features great elevation range and southeast facing terrain. Several springs and creeks originate on land. This large acreage tract is ideal for a family compound or private estate. High Top Ridges is located approximately 7 miles to Black Mountain, 10 miles to the Reynolds community and 15 miles to Asheville. View details of this large acreage tract.

156-Acre Brownfield | Developers, here’s a great Asheville Brownfield opportunity close to downtown. Located in the popular North Asheville/Woodfin area, this 156-acre property is suited for high density residential or multi-family, solar farm, education center, wellness center with sports fields, event and entertainment venue, office complex, light manufacturing, or family compound. All utilities either through site or adjoining. Call Bill May to discuss the potential divisions. View details of this development tract.

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.

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

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 Sportsman’s Camp | SOLD! Cove Top Sportsman’s 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 outdoorsman’s 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, hunters’ paradise or fisherman’s 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 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.

No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for 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.