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    62 Overbrook Dr Waynesville, NC 28786

    For Sale
    $2,200,000

    High-yield retail & residential, excellent ROI.

    Property size:
    1,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional mixed-use property at 62 Overbrook Drive, Waynesville, NC, presents a compelling investment opportunity. The 1,000 square foot building, constructed in 2018, sits on a 0.81-acre lot and offers a blend of retail and residential space. Currently, all spaces are leased, generating a minimum 7% return on investment, as detailed in the provided proforma. The property includes a recently added 2-bedroom residential unit with a private entrance, allowing for live-work potential or the option to lease all spaces for maximized income. Located in a high-growth area of North Main Street, Waynesville, this plaza benefits from strong, long-term tenants. The seller is offering attractive financing options, including an installment sale with 70% financing available. This turnkey investment is ideal for those seeking a stable, high-return asset in a thriving North Carolina market. The property's strong tenant base and prime location ensure a consistent income stream, making it an attractive proposition for discerning investors. Detailed lease information is available upon request. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. Don't miss out on this exceptional investment.

    Property Features for 62 Overbrook Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,000 SF
    Lot Size
    35,284 SF

    Building Details

    Year Built
    2018
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.97478
    Latitude
    35.49639

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield retail & residential, excellent ROI.
    Where is this commercial real estate located?
    The property is located at 62 Overbrook Dr Waynesville, NC.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (828) 564-9393
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    62 Overbrook Dr 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
    62 Overbrook Dr Waynesville, NC 28786
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