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524 Hendersonville Rd

3,000 SF 100% Leased Retail Building Asheville, NC 28803 $1,145,000 ($382/SF) 4.02% Cap Rate

Retail Buildings North Carolina Asheville 524 Hendersonville Rd, Asheville, NC 28803

Investment Highlights

  • Heavy Daytime Traffic
  • Fully Leased Building
  • Room to Expand and build a Rental Home on Back Side of Property on Reed St

Executive Summary

Excellent small retail strip center on Hendersonville Rd in South Asheville. DO NOT DISTURB THE EXISTING TENANTS. $46,000 NOI. Land is split zoned with HB on the Hendersonville Rd side and RS-8 on the Reed Street side in the City of Asheville. Center is Fully Leased making this a great Investment Opportunity directly on Hendersonville Rd just before entering the Biltmore Village area. There is room to build a rental home on the back side (Reed St Side) of the property.

Attachments

524 Hendersonville Rd For Sale FLYER

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built
1985
Price
$1,145,000
Price Per SF
$382
Cap Rate
4.02%
NOI
$46,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.60 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
HB & RS8 - Property that touches is Hendersonville Rd is zoned HB. Property that touches Reed St is zoned RS-8.
Parking
20 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
63 FT on Hendersonville Rd

Amenities

  • Pylon Sign
  • Signage

Links

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Nearby Major Retailers

The Little Gym
First Citizens Bank
Ingles
Texas Roadhouse
HOTWORX
Bank of America
Moe's Original BBQ
Truist
Ruth’s Chris Steak House
Starbucks

PROPERTY TAXES

Parcel Number 9647-74-9874-00000 Improvements Assessment $229,700
Land Assessment $420,000 Total Assessment $649,700

PROPERTY TAXES

Parcel Number
9647-74-9874-00000
Land Assessment
$420,000
Improvements Assessment
$229,700
Total Assessment
$649,700
(828) 768-7098

Contact

  • Listing ID: 30955717

  • Date on Market: 2/14/2024

  • Last Updated:

  • Address: 524 Hendersonville Rd, Asheville, NC 28803

More public record information on 524 Hendersonville Rd, Asheville, NC 28803

The Retail Property at 524 Hendersonville Rd, Asheville, NC 28803 is currently available for sale. Contact Pulliam Properties for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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524 Hendersonville Rd
(828) 768-7098 x

524 Hendersonville Rd

James Wilson

(828) 768-7098

(828) 768-7098

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