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1031 Exchange

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 Properties

311 Acres with Live Water | This 311-acre tract features a bold stream, level terrain, paved road access, interior road system in place, hardwood and pine. The property is ideal for timber, subdivision, retreat center, camp or land banking. Parcel includes 2500 feet of frontage on Silver Creek plus R-2 and R-3 zoning. I-40 frontage provides income from existing billboard. Just 3 miles to downtown Morganton, 25 miles to Hickory, 50 miles to Asheville. Owner will consider subdividing. View details of this land tract.

75-Acre Vineyard & Winery | REDUCED! Contract fell through! Huge price reduction. Great Opportunity in this asset sale. Owl's Eye Vineyard and Winery features a distinguished winery, tasting room and vineyard planted in hybrid grapes. The facility includes a well-equipped kitchen suitable for catering of weddings and corporate events. The vineyard produces varietal and blended wines which have been recognized at local, state and national competitions. Approximately 75 acres of level to rolling land plus city water/sewer on the property offer great development potential. Owlís Eye is located in Shelby NC, just 40 miles from the Charlotte Airport and 33 miles from the Tryon International Equestrian Center. View details of this one-of-a-kind property.

58 Acres at TIEC | NEW! BELOW TAX VALUE! Located only 3 Ĺ miles from the Tryon International Equestrian Center (TIEC) and priced to sell, this 58-acre tract is the ideal palette for a private horse farm or commercial equestrian business. The land features level to rolling terrain, mountain views, pastures, and access from both Sandy Plains Road and Moore Road. The property includes two parcels. Older homes and barn sold as is. Very few land tracts of this size are available this close to TIEC. Offered below tax value! View details of this ideal tract.

Bald Mountain Estate | REDUCED!Bordered by conservancy and state park lands, exemplary 320-acre trophy property at Lake Lure NC has been held in the same family for 60 years.  Bald Mountain Estate features a majestic setting with panoramic mountain views, gated entrance; main residence overlooking bold mountain stream; authentic 1860s log cabin; caretaker’s quarters; guest quarters. Includes fenced pastures for horses, two barns, workshop, boathouse with private drive and lakefront building lot on Lake Lure. Ideal for investment or as residential and resort development property. View details of this quintessential legacy property.

Bedford Hill Farm | Just 2.5 miles from Tryon International Equestrian Center (home of the 2018 World Equestrian Games), Bedford Hill Farm is a 62-acre world class equestrian training facility. Features include gated entrance; 12-stall state-of-the-art custom barn built in 2015 with office, tack room, large wash stalls, trainerís apartment; 4-stall Morton barn; Wordley Martin outdoor arena; 16 board-fenced paddocks and 3 pastures. The classic residence boasts upscale interiors, gourmet kitchen, oak floors, master on main, charming sunroom, rocking chair front porch overlooking majestic mountain views. Ideal as a private estate or commercial equestrian operation. View details of this equestrian investment property.

Commercial Office Building | REDUCED! Investors, take note of this classy commercial property in Landrum SC. The 2007 architecturally designed office building offers high visibility on a corner lot just 1 mile from I-26. The building features two levels, each with its own office suite and private, ground level entrance plus a handsome stucco exterior with metal roof and custom awnings over windows and doors. The upper level office suite includes three private offices, conference room, kitchen, and tiled restroom. The lower level suite includes separate entrance, stamped concrete courtyard, open reception area, private offices, and private paved parking. View details of this commercial property.

Riverfront Duplex | REDUCED! Known as The Pink House, this ideal multi-family property overlooks the Pacolet River. Each unit in the duplex has 2 bedrooms, full bath, wood floors, screened porch, garage space, basement storage. Tenants enjoy charm and river views. Walking distance to trails and events at Harmon Field. Easy access to Tryon, Columbus, I-26. Solid income investment property. Currently 100% rented. View details of this great duplex on the river.

Triplex Multi-Family | Investors, take note of this triplex in downtown Tryon. This attractive multifamily property features one 2-bedroom and two 1-bedroom units. With a convenient and private location, this property is adjacent to the walking trails at city-owned Woodland Park. Walking distance to shopping and dining. City water/sewer. Currently fully rented. Owner will provide financials upon request from qualified buyers. A solid income property. View details of this great triplex.

Downtown Duplex | Investors, check out this great downtown duplex in Tryon NC. The property includes recently updated side-by-side units, each with 2 bedrooms, 1 full bath, wood floors, historic charm. This great duplx is located within walking distance of restaurants, shopping, and the arts in the beautiful downtown area. Currently fully rented. Tenants pay all utilities. Owner will provide financials upon request from qualified buyer. View details of this downtown duplex.

I-26 Commercial | Investors, see this great Hendersonville NC commercial property on Hendersonville's newest major entry corridor to Flat Rock and the South side of town. The parcel features +/-.76 acres with incredible visibility, located only 1/2 mile from I-26 exit 53. City water, sewer, and natural gas are on the property. Two cute buildings can be used or demolished to create an ideal location to showcase your growing business. Building 1 could be used as a house or office. Building 2 could be a workshop, office, or storage building. View details of this great opportunity.

161 Acres in Asheville | This iconic Asheville acreage with stunning long range mountain views features 161 acres on Emmas Grove Road, only 10 minutes from downtown Asheville. The rare large acreage tract includes open pasture land, mature hayfields, a 1930s-era brick farmhouse, rolling terrain with small creek, and large area of wooded forest. Perfect for a country estate, horse farm, or enclave of custom homesites. The property offers three access points including direct access from Emmas Grove Road. View more details of this pristine acreage.

Commercial Highway Frontage | Investors, see this commercial lot on Spartanburg Highway near the Highway 25 connector. I-26 is less than 1 mile away and this acreage is priced for quick sale.  The lot has 143 feet of highway frontage and has been cleared and graded.  Sale or lease. View more details of this property.

Some of Our SOLD Investment Properties

Office Building | SOLD! Great business location only 1 mile from I-26. This high visibility office building is located between the hospital and the Polk County Courthouse on a state maintained road in Columbus NC. Established tenants, excellent onsite parking, and level .51-acre site with outstanding access. First time on the market. Call Sheelah for details on this ideal investment property. View details on this commercial property.

590 Acres on Lake Rhodhiss | SOLD! This Lake Rhodhiss land tract of 590 +/- acres features shoreline footage, mature timber, and rolling topography. A good interior road system is already established. The property includes hardwood and pine and offers excellent hunting opportunities for deer, bear, turkey, and waterfowl. Located on Lake Rhodhiss with paved road access, this acreage is ideally suited for a private estate, recreational property, residential development or land banking. View details of this lakefront acreage.

Multi-Family | SOLD! This multi-family property is the ideal investment for the landlord seeking a stable residential property with a great rental history. The 12-unit fully leased rental property is within walking distance to downtown Hendersonville and has been a stable source of income for its owners. The property consists of two buildings constructed in 1987 and 2001 located on approximately 1.94 acres. View more details on this investment property.

Cove Top Sportsmanís Camp | SOLD! Cove Top Sportsmanís Camp is a 400-acre watershed cove recreational land with two mountaintops rising to a 4,000-foot elevation, three bold creeks and end-of-road privacy. The property features a custom lodge with native stone fireplace and upscale finishes, guest cabin, outbuildings, and picturesque trout pond with waterfall and gazebo. An outdoorsmanís paradise with miles of ATV trails, the property adjoins Pisgah National Forest and North Carolina game lands. Nearby Toe River provides legendary trout fishing. Perfect for group retreat center, private resort, huntersí paradise or fishermanís base camp. View more details of this land tract.

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

Retail Building 1 | SOLD! This fully leased commercial building has a stable tenant and includes 2 units, side lot and convenient location near the downtown shopping district and Four Seasons Boulevard, the main corridor into town from I-26. The property is in the city of Hendersonville, zoning is C2, and acreage is .25 mol with street parking and a side lot that is partially fenced. This property is the ideal investment for the landlord looking for an older building with a great rental history. View more details on this commercial property. View more details on this commercial property.

Retail Building 2 | SOLD! Located on Historic 7th Avenue East in downtown Hendersonville, this fully leased commercial building is ideal for the savvy investor. The property has 1 stable tenant and includes 2 units with retail and garage/warehouse space. The property is in the city of Hendersonville, zoning is CBD, and acreage is .14mol with street parking and parking along the alley. It boasts a convenient location near the downtown shopping district and Four Seasons Boulevard, the main corridor into town from I-26. View more details on this commercial building.

10.8 Acres in North Asheville | SOLD! Discover prime Asheville NC mountain acreage. This10.85-acre tract is located near the Asheville Country Club on the historic Thoms Estate. With a desirable setting in north Asheville off of Elk Mountain Scenic Highway, the acreage offers gentle terrain, views of close mountain ranges, a healthy mix of woods and cleared land, and complete privacy. The property includes a complex of structures which could be restored, including a 1928 home, carriage house and barn. Additional land available. View details of this acreage.

Updated Home and Apartment | SOLD! This newly refurbished 1990 ranch home in Columbus NC features new roof, new granite counters, new paint inside and out, new interior doors, new stainless appliances, new bathroom and kitchen fixtures, and new flooring. The 3-bedroom main level includes fireplace, spacious back deck, and oversized 2-car garage. The lower level 2-bedroom apartment has kitchen, washer/dryer hookups and separate entrance. Large .71 acre lot. Ideal for investors, downsizers or first time homebuyers. View details on this great investment.

11 Acres with Frontage | REDUCED BY 69%! Price reduced from $1,295,000 to $399,000. This rare commercial acreage in Hendersonville features 11 acres with highway frontage on two main highways -- Spartanburg Highway/Hwy176 and Highway 25, currently being widened to 4 lanes. The parcel includes rolling cleared land with great mountain views and over 2300 feet of highway frontage on the two highways. Traffic count is over 22,500 cars per day. Investors, with this parcel youíll have unlimited potential in the fastest growing corridor of Henderson County. SOLD

Unlimited Potential | Investors, take advantage of unlimited potential to expand this 14-acre investment property into a mini development, cabin rental business, or business services center. With over 600 feet of commercial road frontage, this property can suit a wide variety of business needs. The custom 4,000-square-foot log home and the additional 1000-square-foot free standing building feature plenty of space and ample parking. The property is located on Highway 9 in Mill Springs, a growing business corridor which experiences continuous traffic bound for several residential and resort communities such as Lake Lure and Lake Adger. 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.

No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for 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.