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
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.
Downtown Landrum | NEW! 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.
3 Investment Properties |Savvy investors, take notice of these 3 rental properties located in the tourist town of Black Mountain, North Carolina. These properties, zoned R-3 for vacation rentals, are ideal for a 1031 exchange, investment property or a solid vacation rental business. All three properties have a strong rental history and are located 3 minutes from Black Mountain and 15 minutes from downtown Asheville with easy access to I-40. Call for details about possible owner financing. View more details on these rental properties.
62-Acre Tract | NEW! 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.
Stone Brook at Rush Creek | NEW! 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.
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.
228 Acres
in Waynesville | Our featured
land for sale is a rare
228-acre tract of land in Waynesville, NC. This property has
been passed down in the family for generations and is available
on the open market for the first time. With frontage on all sides
of an intersection along major Highway US 276 less than 1 mile
from the city limits, this acreage is ideal for a major mixed
use development or urban village. The prime location with multiple
access points, level land, and nearby utilities make this acreage
a developer’s ideal.
View more information on this Waynesville
NC land.
100
Acres | Investors,
take note of these two high visibility parcels of commercial
land in the high growth corridor of Forest City, North Carolina. Both
tracts are located just off of U.S. 74. One tract of 45 acres lies
adjacent to Wal-Mart while the other tract of 55 acres is located
near the Isothermal College campus. The tracts are ideal for highly
visible retail, hotel, office park, mixed use project or condo/townhome
community. Water and sewer available. View
more details of these
two prime commercial land tracts.
27
Acres with Rentals | This 27-acre
parcel boasts stellar 180-degree vistas across two states. The site of the Josephine Merwin Thompson estate, this property features three tracts with two homes and a pool house with indoor heated pool. Stone walls, paved road access, gentle trails and proximity to both Tryon and I-26 provide an exceptional setting. The property is ideal for land investment, rental property or vacation rentals. Zoning allows further subdivision to create an enclave of homes. View
more details about this prime investment property.
30
Acres at Lake Lure | 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.
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.
- Section 1031(a)(1) IRS Code
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.