381-395 Crimson Laurel Way
Bakersville, NC, 28705 $ 800,000
Bedrooms-- Baths-- Monthly Estimate*
$ 5,525
for $800,000. This building was built in 1995 on a lot size of 1.85.
Value-Add Commercial Investment Opportunity in Bakersville. Excellent opportunity to acquire a multi-building commercial property on approximately 1.85 acres in Bakersville, offering existing income, substantial usable space, and long-term value-add potential. The property includes two buildings with ample parking, newer roofing on both structures, and the potential for subdivision, creating flexibility for an investor, owner-user, or developer. The primary building is occupied by Dollar General, a nationally recognized tenant currently operating under a 2-year lease with a 5-year renewal option. This provides immediate cash flow and the stability of an established retail tenant while allowing a new owner to explore additional upside throughout the property. Beneath the Dollar General space is a large two-bay warehouse totaling approximately 7,425 square feet. The warehouse features two oversized barn doors measuring approximately 15 feet wide by 10 feet high, making the space well-suited for storage, distribution, contractor use, light industrial operations, workshop space, or other commercial uses. Activating or leasing this underutilized warehouse area presents a clear opportunity to create additional income and improve the overall performance of the asset. The second building is approximately 1,475 square feet and was originally constructed for restaurant use. It is currently configured as office space and is unoccupied, offering immediate potential for an owner-user or a new tenant. The building also includes a full-size unfinished basement, providing additional storage or future improvement potential. With income already in place from the Dollar General lease, significant warehouse square footage available for additional use or leasing, and a separate vacant building ready for repositioning, this property offers multiple paths to value creation. The 1.85-acre site, ample parking, and potential subdivision further enhance the flexibility of the offering. A rare Bakersville commercial opportunity combining national-tenant cash flow, value-add upside, and adaptable space for a wide range of commercial uses.
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FeaturesGeneralHeating Ductless Electric Heat Pump
Cooling Central Air Ductless Heat Pump
Roof Rubber
Year Built 1995
Stories Count 2
Property Subtype Free Standing Store
Parcel Number 0863-07-77-4653
Accessibility Handicap Parking
County Mitchell
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial
City Bakersville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Restrictions N/A
Tax Assessed Value 353100
Listing Terms Cash Conventional
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InteriorBasement Basement Garage Door Exterior Entry Full Unfinished
Basement (Y/N) Y
Below Grade Finished Area 0
SqFt Garage 7424
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ExteriorParking Features Parking Lot Parking Space(s)
Water Source City
Inclusions Building Land
Lot Size Area 1.85
Foundation Details Basement
Number of Buildings 2
Road Surface Type Paved
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $5,525
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Bakersville, NC
Average List Price $700,800
Percent of Sale Price 12%
About Bakersville, NC 425 Population
4% Since 2002
$ 37,553 Median Income
47.43 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/17/2026 | $800,000 | | Listed Price |