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    625 Vance St Waynesville, NC 28786

    New
    For Sale
    $917,000

    COMMERCIAL - Waynesville, NC

    Lot size:
    4.07 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 625 Vance St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    HM-ND
    Rooms
    Basement
    APN
    8616-52-7475
    Basement
    Daylight
    Lot size
    4.07 Acres

    Building Details

    Year built
    1960

    Keller Williams Great Smokies (828) 926-5155 [email protected]

    Listing agent Patrick McDowell (828) 508-4932

    Listing date Dec 3, 2025

    Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waynesville Land Zoned Multi-Family

    This corner lot is located on Howell Mill Road and Vance Street. It is currently zoned for multi-family and residential use. The zoning allows for the construction of 32 multi-family units, and with a special use permit, this number can increase to 48 units. The property is suitable for a new condominium development. Its location next to the Waynesville Rec Center may relieve the developer from some green space and recreation requirements. City water is available to the property, and sewer access is also available. The property is located close to downtown and minutes from the shopping district of Russ Ave. This is a potential opportunity to develop the first new condominium development in Waynesville in many years. The property is currently within the Waynesville ETJ, but it borders town property and the city limits and would qualify for voluntary annexation. The lot size is 4.074 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.979899
    Latitude
    35.505027

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    FAQs

    What type of property is this?
    Land - Corner lot suitable for condominium development near downtown Waynesville.
    Where is this land located?
    The property is located at 625 Vance St Waynesville, NC.
    What is the asking price?
    The asking price for this property is $917,000.
    What are key features of this property?
    This property features: - Zoned for multi-family and residential development, allowing for 32 units (up to 48 with special permit).; - Prime corner lot location on Howell Mill Road near Vance Street.; - Proximity to Waynesville Rec Center reduces green space/rec requirements for development.
    (828) 508-4932
    Request Owner's contact information
    625 Vance St Waynesville, NC 28786
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    Waynesville, NC 28786
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    625 Vance St Waynesville, NC 28786
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