187 Watauga Village Drive

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

187 Watauga Village Drive

Boone, NC 28607
Asking Price
$3.43M
Asset Type
Retail
Class
Class B

What's Special

187 Watauga Village Drive is situated within a high-traffic retail corridor in Boone, North Carolina. Located just off Highway 421 and Highway 105, the property offers excellent visibility and accessibility within the primary commercial hub of the High Country. The surrounding neighborhood is characterized by a dense concentration of national retailers, grocery anchors, and dining establishments. It is positioned near Appalachian State University, providing consistent proximity to a large student population and year-round residents. Public transit via the AppalCART system serves the immediate area, facilitating steady consumer flow. The property is well-suited for a variety of retail applications, including soft goods, specialty showrooms, or service-oriented businesses. Its location within an established shopping center makes it ideal for tenants seeking high foot traffic and synergy with neighboring national brands. Typical tenants for this asset profile include national franchises, regional retail chains, or medical office users requiring high visibility. The site’s flexible footprint supports businesses that benefit from a mix of local community engagement and seasonal tourism traffic inherent to the Boone market.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

NOI
$80,000
Cap Rate
2.33%
DSCR
0.39
Underwater
Cash-on-Cash
-12.02%
Monthly Payment
$16,989.558
Annual Cash Flow
$-123,874.7

Location & Travel Times