Hwy 176 Commercial Land + House 35 Wilcox Rd 1 Unit Apartment Building $674,297 CAD ($674,297 CAD/Unit) 6% Cap Rate Tryon, NC 28782

Prime investment opportunity in Tryon, NC. This is an opportunity to purchase commercial land with its own water meter plus a completely renovated 2/2 home on a separately deeded multi-family lot. These two parcels are side by side and strategically located 2,200 feet from the future Saluda Grade Trail, direcly up Wilcox Rd which features 3 quaint homes and 12 acres of open conservation land. The Town of Tryon sidewalk passes along the commercial lot property line, meaning you could develop a business that both serves Downtown Tryon as well as the future rail trail, such as a bike shop business, outdoor outfitters, and so much more.
The house is 2 beds, 2 baths, all systems upgrades, new plumbing, new electrical, new efficient mini-split HVAC. Brand new kitchen and open floorplan, one brand new bathroom, master bath was partially updated. New roof in 2021, new attic insulation. Newly sanded and modern stain applied to the original red oak flooring. New wood lap siding with cedar shingle details on the exterior. New carport and gravel drive with fencing and two gates. The garden was planned as a 4 season garden, meaning there are plants that stay green all year round, there are flowers that bloom nearly all year. Over 40 native plants were planted in the past 3 years.
This is a very special property with a lot of development potential.
Lot #1: 0.24acres with 2/2 house zoned Multifamily.
Lot #2: 0.34acres zoned commercial general business.
One of the owners is a licensed agent in NC and SC. Current owners would be willing to stay in the house for a few months and pay rent.