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986 Ransom Street
Blowing Rock, NC 28605
Asking Price
$2.00M
Asset Type
Commercial Retail
Class
Class B
What's Special
Prime Blowing Rock commercial property with high daily traffic count <p>This corner property is ideal for development as a boutique hotel or as a townhome or condominium community. Though Blowing Rock has strict limits on short term rentals, the zoning for this property should allow and residential units built to be used as short term vacation rentals which is rare. An easy walk to downtown, with great access from Highway 321 make this property unique.</p>
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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905