1031 Exchange Real Estate

In Western North Carolina

Through our 1031 exchange real estate services, Sheelah Clarkson Asheville Real Estate Agency helps investors locate 1031 exchange properties and prime investment property in North Carolina. We understand the time constraints associated with identifying 1031 exchange real estate and we are pleased to help our buyers find replacement investment properties quickly. With a solid track record in commercial real estate and industrial properties across the Carolinas, we have assisted national and international investors with their real estate investment needs for more than 20 years.

To discuss replacement properties that are currently available, contact us with your 1031 exchange requirements. Also, we can provide details on listings found in the Asheville MLS and the Tryon MLS.

Our Featured Investment Property

54-Acre Legacy | NEW! Experience a majestic top-of-the-world setting. Located only 15 minutes from Lake Lure, this 54-acre masterpiece features panoramic mountain views from Tryon Peak to the rock cliffs at Lake Lure. Picturesque rolling meadows are the perfect backdrop for a farm or private estate. Experience total privacy with an unobstructed view shed. The charming two-bedroom cabin, built in 2007, is perfect for a weekend getaway or live in the cabin while you build a dream home. This is an excellent tract for use as a horse farm, retreat center or investment property. View more details on this remarkable legacy property.

3 Downtown Buildings | The Landrum Antique Mall is located on the main Highway 14 corridor in the heart of Landrum, South Carolina. This three-building complex is a high traffic site with more than 10,000 square feet of space plus easy access and high visibility. Carry on the existing antique business or create your own entrepreneurial venture in this prime commercial property. View more details of this commercial complex.

Multifamily Opportunity | NEW! Located near the heart of downtown West Asheville, this prime .92-acre site zoned RM-8 is ideal for traditional multifamily or infill smart growth development. The property features a level parcel with easy access and road frontage on Louisiana Avenue. The land is completely cleared, fenced on three sides and has city water and sewer. The property lies in a highly trendy, walkable neighborhood and boasts proximity to shopping, dining and the Interstate system. The exterior of the existing house has been renovated. The house is being sold “as is.” View more details of this multifamily opportunity.

225 Acres In Asheville | NEW! This rare Asheville acreage overlooks the Bee Tree Reservoir, part of the 22,000 acre North Fork watershed owned by the City of Asheville. The 225-acre tract features a protected view shed, old growth hardwoods, mountain springs and creeks, rock outcroppings and sweeping, long range Southwest to Northwest views of multiple mountain ranges. Ideal for development or a private estate, the property also has potential for conservation easements. This acreage offers a prime location between Black Mountain and Asheville. View more details about this Asheville land tract.

Resort Vacation Rental | NEW! Located in the Rumbling Bald Resort at Lake Lure, this delightful golf home offers many possibilities for a year round residence, vacation get-a-way or vacation rental investment. The contemporary home is located on the 10th hole of the Apple Valley Golf Course and includes full lake and resort amenities. Inside you’ll find 3 full bedrooms and great room with open kitchen. On the lower level, with separate entrance, is another full suite. This golf course home is well designed for use as a vacation rental property. The rental program at the Rumbling Bald Resort offers full service management for the vacation properties located within the resort. View more details about this investment golf property.

Downtown Landrum | Located in the heart of downtown Landrum, this wonderful vintage building has served as a popular retail establishment for many years. Built in 1905, the building has been well maintained and is in move-in condition. Original wood floors and tall ceilings offer an abundance of character and old world charm. With high visibility along a busy corridor of Highway 14, this is an ideal space for creating your own entrepreneurial venture. Owner financing available. View more details of this prime commercial property.

Pristine 29 Acres | NEW! With open pastures, rolling terrain and distant mountain views, this stunning 29.75-acre tract is ready for building. The acreage offers open pastures; distant mountain views; a pond; and 500 feet of road frontage. Conveniently located northwest of Asheville in Alexander NC, this beautiful property is an ideal setting for a luxury estate, family compound, subdivision or horse farm. This property would also lend itself to the “green side of life.” The open pastures are ideal for solar and self-sustained living. View more details on this pristine investment property.

76 Acres Near Lake Lure | REDUCED! Price has been substantially reduced by more than $200,000. Motivated sellers want to move this property. Discover breathtaking panoramic mountain views from this exemplary 76-acre tract of land near Lake Lure. The parcel features open meadows, rich woodlands, several brooks, natural springs and a beautiful pond. The acreage is ideal for a private estate, a retreat center or an enclave of fine homes. Located only 8 minutes from Lake Lure, the tract boasts a prime setting near the neighboring developments of Lake Adger and Bright’s Creek Golf Club. View more details of this exceptional land tract.

Tau Rock Vineyard | Tau Rock Vineyard is an idyllic 20-acre vineyard adjoining 185 acres of Norman Wilder Forest conservation land. The fully updated California-style home features wormy chestnut and slate floors, gourmet kitchen, fireplace, custom tiled bath, and walk-in shower. Enjoy the charming guest house set amid a classic landscape of vineyards and fruit trees. With privacy, stunning mountain vistas and a rich history dating back to the early 1900s, Tau Rock Vineyard is the ideal country estate. The property is offered at $825,000. View more details on this one-of-a-kind property

62-Acre Tract | Invest your money. Build your dreams. This exemplary Tryon acreage is ready for building and ideal for land banking. The acreage offers a pristine level to rolling terrain, easy access and a prime location in the Carolina foothills. The tract features open pasture, a delightful stream, rich woodlands and long paved road frontage. This acreage affords easy access to the towns of Landrum and Tryon as well as to I-26. The site is perfect setting for a horse farm, retreat center or private country estate. View more details on this estate acreage.

163 Acres on the Creek | Come to the rushing Robinson Creek and explore this 163-acre tract of rolling land with mature forest and mountain views. Only minutes from historic downtown Forest City, NC this parcel has potential for development or a unique private estate. With rare extensive creek frontage and land suitable for development this parcel also offers ease of access from a paved road, a short drive to Charlotte airport, and gentle topography. View more details of this exceptional acreage.

Stone Brook at Rush Creek | Discover this exceptional 129-acre Black Mountain land tract on the Broad River. Stone Brook at Rush Creek offers a unique opportunity for anyone looking for river access and magnificent views. A retreat style property close to Black Mountain, Asheville and Lake Lure this property is suitable for a private mountain retreat, small farm or a family owned community. The exceptional 129-acre tract has potential as a family estate with separate ownership or development with its 14 picturesque lots providing estate level seclusion. View more details of this unique land tract.

50 Acres in Asheville |With open and rolling terrain at the entrance, this 50-acre tract rises through wooded slopes and knolls to an elevation of 2700’. Beautiful views overlooking Cane Creek Valley can be seen to the north. From the top of the ridge, you can also view expansive southern vistas of Hoopers Creek Valley. The acreage is easily accessible via 96 feet of paved frontage on Upper Brush Creek Road. This land is ideal as the setting for a private estate, hobby farm or equestrian estate or can be subdivided for a small enclave of luxury homes. View more details on this acreage.

50 Acres at Pisgah National Forest | Enjoy the peace and privacy of “end of the road” living adjoining thousands of acres of the Pisgah National Forest. Located midway between Asheville, Hendersonville, and Brevard, the front door of this 50-acre haven is situated at the end of a paved country lane on the south side of Forge Mountain. The back door opens to thousands of acres of forest and game lands. With easy access to Vineyard Gap Trail, one can hike or mountain bike for miles. With rolling to sloping terrain rising to 3000’ elevation at the crest of Forge Mountain, the land offers several very nice homesites with southern exposure. Possible owner financing. View more details of this desirable acreage.

Waterfront Resort Venue | Turn this waterfront farm on 47+ acres into a thriving resort venue. Currently used as a horse farm, the property includes a stunning private lake, log cabin, three barns and 2 vacation rental cabins overlooking the lake. Generate income with a training/boarding equestrian center or develop into a recreational lakeside complex of vacation rentals. With 47 acres of rolling land and numerous building sites, there’s plenty of room to expand. The property is strategically located near Tryon’s proposed national equestrian venue and only 10 minutes from the mountain resort town of Lake Lure. View more details on this one-of-a-kind property.

55 Acres Commercial | Investors, take note of this high visibility parcel of commercial land in the high growth corridor of Forest City, North Carolina. Located near the Isothermal College campus, the tract is ideal for highly visible retail, hotel, office park, mixed use project or condo/townhome community. Water and sewer are available. View more details of this prime commercial land tract.

30 Acres at Lake Lure | Major 65% price reduction! Discover this secluded 30-acre land tract on located only minutes from the main beach at Lake Lure. Featuring long range views of surrounding mountains, this rolling land is bordered by Otter Creek. This secluded property is located only a short drive to numerous recreational opportunities in the western North Carolina mountains including the new state park at Chimney Rock, the Rumbling Bald Resort at Lake Lure, the main beach at Lake Lure and many area golf courses. The gentle lay of the land offers an easy terrain for a small residential development. The land is also ideal for a private estate, retreat center or prime investment property. View more details on this Lake Lure property.

Adjacent to Wal-Mart |This prime 45-acre tract is located next to the Wal-Mart shopping center along a high growth corridor of Forest City, North Carolina. Ideal for a range of high visibility venues including big box retail, hotel, office park, mixed use project.  Water and sewer available. SOLD

1031 Exchange Real Estate Basics

A 1031 exchange refers to Section 1031 of the IRS code which addresses the exchange of real property held for productive use or investment.

In a typical sale of investment or commercial property, the owner can be taxed on any capital gains realized by the sale. However, the 1031 exchange allows an investor to defer payment of capital gains tax by disposing of one investment property and exchanging into another without incurring immediate tax liability. Thus, the earning power of the tax deferred dollars continues to work for the investor through the new investment property.

The 1031 exchange offers more than favorable tax benefits. It can also be used as a means of strategic investment planning. The smart investor can use a 1031 exchange to reach beyond tax deferment and fulfill a broader financial strategy. For instance, an investor might exchange into a property with a superior location, easier management, or improved cash flow.

The 1031 exchange is an excellent tool for any investor seeking to preserve, create and build wealth through investment real estate. To learn more about 1031 exchange, refer to Section 1031 of the IRS Code.

1031 Exchange Real Estate Investment Options

The types of real estate that qualify for a 1031 exchange under IRC Section 1031 include most real property held for investment. Some examples are:

• Raw land
• Motels and hospitality properties
• Office and retail buildings
• Apartments and multifamily properties
• Farms, horse farms, and agri-business property
• Warehousing and industrial real estate
• Single family rentals and vacation rentals

Sometimes called a like kind exchange, a 1031 involves the exchange of real property for real property. Thus, any combination of real property types can be exchanged. For example, a warehouse can be exchanged for an apartment building, a motel can be exchanged for raw land, or a bed and breakfast can be exchanged for a retail building. Also, an investor might opt to exchange one large investment property for several smaller investment properties.

Our 1031 Exchange Real Estate Services

It is important that a 1031 transaction be structured to meet all the requirements in Section 1031 of the Internal Revenue Code in order to qualify as a valid exchange. The 1031 exchange process requires assistance from a team of professionals,

At Sheelah Clarkson Asheville Real Estate Agency, our brokers help investors to identify and purchase properties that meet the requirements of their investment plans and 1031 exchange timeframe. We invite you to contact us to discuss your 1031 real estate needs. However, we do not provide qualified intermediary services, legal advice, or tax advice. We are pleased to assist our investors in locating experienced professionals to comprise the team. We strongly recommend anyone considering a 1031 exchange make all tax planning decisions with the aid of a CPA and legal advisor.

North Carolina Investment Property

Western North Carolina investment property can be a lucrative option for real estate investors. Because the greater Asheville and Hendersonville area is a world renowned vacation destination and one of the most popular retirement locales in the nation, it is a prime location for numerous types of commercial properties that cater to travelers, tourists, and active retirees. From where we stand, there has never been a better time to purchase western North Carolina investment property.

For both new investors and experienced investors seeking to expand their portfolio of investment properties, the brokers of Sheelah Clarkson Asheville Real Estate Agency serve as buyer's agents to assist national and international buyers locate prime investment property throughout western North Carolina and upstate South Carolina. With our expertise in commercial real estate and more than two decades of experience in industrial and commercial property sales, we are pleased to be of assistance to qualified buyers. Please contact us with your investment property objectives.