380 King
Boone, NC
$6,800,000
Acreage: 0.98
Elementary School: Hardin Park
Year Built: 1959
MLS #: 256675
Details & Amenities
Rare opportunity to own prime real estate in Boone, NC, with the Campus Hill Apartments. Located on West King Street and Wallace Circle in downtown Boone, NC, across the street from the campus of Appalachian State University. This is student housing with redevelopment potential, on just under an acre of land. The property consists of seven separate buildings with 54 apartment units and 61 total bedrooms. It is currently at 100% occupancy, with additional income from parking spaces and on-site laundry. The location is within walking distance to most everything, including restaurants, bars, shops, parks, various neighborhoods, grocery stores, drug stores, and hotels. Starting in August 2025 the projected PGI is $570,300 per year. Property is located on five tax parcels as identified by Watauga County. Reported assessed value is all five tax parcels.
Roof:
Metal
Parking:
Parking Spaces
Exterior:
None
Heat:
Baseboard, Electric
Air Condition:
None
Property Type:
Commercial Sale
This property is a listing of Underdown, Ball & Associates, LLC.
© 07/02/2025 Multiple Listing Service of the High Country Association of REALTORS®, Inc. All rights reserved.
© 07/02/2025 Multiple Listing Service of the High Country Association of REALTORS®, Inc. All rights reserved.