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    297 Haywood St Waynesville, NC 28786

    For Sale
    $2,300,000

    Seven-unit building, prime location, mountain views

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property at 297 Haywood Street, Waynesville, NC, presents a unique investment opportunity. Priced at $2,300,000, this 0.72-acre site offers seven individual units within a building originally constructed as a car dealership and later converted to retail space in the 1980s. The property benefits from a highly visible location in the heart of Waynesville, a thriving mountain town known for its strong community and stunning natural beauty. This translates to significant foot traffic and high visibility, attracting both local residents and the considerable influx of tourists who visit Waynesville year-round. The building's adaptable layout offers potential for a variety of business ventures, making it an ideal investment for entrepreneurs seeking a profitable enterprise in a desirable location. The picturesque mountain setting adds to the property's appeal, creating a unique and attractive environment for businesses and customers alike. This is a rare chance to acquire a well-situated commercial property in a growing mountain town with significant potential for future growth and profitability. The property's history as a car dealership and subsequent conversion to retail space demonstrates its adaptability and resilience within the Waynesville market. This established location offers immediate potential for income generation and long-term capital appreciation.

    Property Features for 297 Haywood St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1953
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Haywood County Republican ... Political Party Office Haywood County GOP ... Political Party Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.98847
    Latitude
    35.49225

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    FAQs

    What type of property is this?
    Commercial real estate - Seven-unit building, prime location, mountain views
    Where is this commercial real estate located?
    The property is located at 297 Haywood St Waynesville, NC.
    What is the asking price?
    The asking price for this property is $2,300,000.
    (828) 926-5200
    Request Owner's contact information
    297 Haywood 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
    297 Haywood St Waynesville, NC 28786
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