870 Main St, Blowing Rock, North Carolina, United States

Report Listing

Home For Sale

$5,999,950

870 Main St
Blowing Rock, North Carolina, United States

11bd 7.5ba

Listed By: Realtyww Info

Listed On: 07/25/2024

Listing ID: GL11859639 View More Details

Description

RARE OPPORTUNITY-NEWLY RENOVATED/FULLY FURNISHED, 3-story, 6, 207 Sq. Ft. Multi-Purpose Commercial Restaurant/Residential Building w/ 11 Bedrooms, Marble Baths in picturesque Downtown Blowing Rock. Exceptional income/investment potential or a personal residence! Meticulous attention to detail, Over $3, 500, 000 in renovations in 2024. Radiates elegance w/ professional dcor, new furnishings, and new smart T.V.s in every room. New lighting, ceiling fans, and appliances. New HVAC units, instant water heaters, separate utility meters, this building allows the new owner to retain one or both residential units for personal use or capitalize on income/investment opportunities. The Social on Main Restaurant operates under a long-term lease on 1st Floor. Short-term rentals in the residential units complement the restaurant's income. $438, 000 Projected Income Per Year. Expenses average $41, 264.44 per year. A charming large outdoor hand-built stone seating area enveloped in gas lanterns creates an enchanting ambiance overlooking Main Street. The second floor has 5 bedrooms adorned w/ marble bathrooms featuring heated/bidet toilet seats, a shared laundry room, and a gourmet kitchen connected to a large family room. An expansive outdoor deck features a new built-in gas grill and Jacuzzi. The third floor unveils 6 bedrooms, w/ marble bathrooms with heated/bidet toilet seats, alongside a grand kitchen and family room featuring vaulted ceilings. A sprawling outdoor deck w/ built-in gas cooking grill offers panoramic views of Main Street Downtown Blowing Rock. Both units boast expansive windows overlooking Main Street. The building has legal approval with the Town of Blowing Rock, allowing short-term rentals through platforms like AirBNB and VRBO due to the property's commercial zoning. Notably, the property features its own parking lot with assigned spaces for each bedroom for the residential units, a rare amenity in downtown Blowing Rock. A MUST SEE! PRICED TO SELL

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Listed by: Steven Gillooly