Opportunity Zone Retail Redevelopment Opportunity
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Listing was updated on: 01/17/2021
Property Overview
| Price/Rent PSF | $ 13,500,000.00 |
| Asset Type | Retail |
| Secondary Asset Type | Land |
| Trade Type | Sale |
| SQ. FT. Available | 126,913 |
| Date Available | 04/30/2021 |
| Additional URL | Link |
| Floors | 1 |
| Commission Split | 2% |
| Additional parameters | Show |
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Description
World of Clothing has had a very successful 30-year retail history at this very desirable retail property located on I-26 at the cloverleaf exchange of I-26 and Four Seasons Blvd in Hendersonville, NC. The property includes 112,033 SF of retail space and a 14,880 SF 3-story office. The site has ingress and egress from 3 streets. This huge site is a prime redevelopment opportunity for a large big-box store that doesn't already have a presence in this very desirable market.
In addition to being located on I-26, the property is in a designated Opportunity Zone. OZ’s were created by the Tax Cuts and Jobs Act of 2017 and encourage investors to buy and improve properties in certain areas of the market. In exchange, investors receive massive tax benefits that can eliminate capital gains on those reinvested funds.
Includes a 14,880 3-story office building
Ingress and egress from three streets
Successful 30-year retail history
Located in an Opportunity Zone
67,000 cars per day visibility
Amazing visibility from I-26
Location