James Wilson 8286844344

524 Hendersonville Rd 3,000 SF 100% Leased Retail Building Asheville, NC 28803 $1,145,000 ($381.67/SF) 4.02% Cap Rate

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.

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

Year Built

1985

Price

$1,145,000

Price Per SF

$381.67

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

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’ on Hendersonville Rd

AMENITIES

Pylon Sign

Signage

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
Hendersonville Rd	Academy St, N	32,222	2022	0.13 mi
Hendersonville Rd	Fairview St, NW	27,764	2022	0.24 mi
I-40	Caribou Rd, E	44,500	2020	0.53 mi
Hendersonville Rd	Busbee Rd, S	27,475	2022	0.59 mi
I- 40	Caribou Rd, E	47,000	2022	0.60 mi
Hendersonville Road	Irwin St, NW	30,155	2022	0.67 mi
Hendersonville Rd	Irwin St, SE	33,426	2022	0.75 mi
Sweeten Creek Rd	London Rd, NW	11,510	2022	0.87 mi
Sweeten Creek Rd	Caribou Rd, NW	11,914	2022	0.88 mi
All Souls Cres	Village Ln, NE	2,935	2022	0.90 mi