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    1940 Main St Waynesville, NC 28786

    Sponsored
    For Sale
    $2,795,000

    Two thriving businesses, mountain views, high traffic.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional offering presents a rare opportunity to acquire two established and highly successful commercial businesses in the desirable Haywood County, North Carolina. The properties are strategically located to capitalize on significant tourism within the Blue Ridge Parkway and Great Smoky Mountains National Park area. The Waynesville location, situated at 1940 S Main Street, boasts a dynamic and engaging atmosphere. This venue offers a diverse range of entertainment options including a full-service bar, extensive menu, multiple beer taps, axe throwing, a full arcade, cornhole, and pickleball. Furthermore, there's significant potential for expansion with approximately 7,000 square feet of unused space. The second location, at 4352 Soco Road in Maggie Valley, complements the Waynesville property with its own thriving full bar, brewery, and expanded dining experience. Recent upgrades include a modernized interior, updated fixtures, and state-of-the-art kitchen equipment. A key advantage is the ample parking available, with over 130 spaces collectively serving both locations. This combined offering presents a unique investment opportunity with substantial potential for growth and profitability in a stunning mountain setting. The properties are listed collectively, offering a cohesive and synergistic business model, but are also available for separate purchase for added flexibility. The 2.58-acre lot in Waynesville provides ample space for future development.

    Property Features for 1940 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    112,385 SF

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    828 Golf Indoor Golf Course Assembly on Main Brewpub

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -83.006
    Latitude
    35.46785

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    FAQs

    What type of property is this?
    Commercial real estate - Two thriving businesses, mountain views, high traffic.
    Where is this commercial real estate located?
    The property is located at 1940 Main St Waynesville, NC.
    What is the asking price?
    The asking price for this property is $2,795,000.
    (828) 452-5809
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    1940 Main St 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
    1940 Main St Waynesville, NC 28786
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