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Opportunity Zone Retail Redevelopment Opportunity

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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%
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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

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