Building Details

Year Built 1997

Listing Agency: Pulliam Properties, Inc t***@pulliamproperties.com Show Phone

Listed By: Paul Ellis · License #246015 Show Phone

Source: Exitrealty

Added: Aug 6, 2024 Changed: Jul 6 Last Checked: Jul 30 at 4:50AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pulliam Properties, Inc

Investment Insights

Based on property information with market context.

This is an investment opportunity to acquire a fully leased building. The property is located directly on Hendersonville Road. It is currently fully leased by Allergy Partners, PA, with an additional 5-year lease term beginning in 2024. The property's capitalization rate is 5.56%.

Key Highlights

• Fully leased building providing immediate income
• Strong CAP rate of 5.56%
• Leased by Allergy Partners, PA

Property Analytics

Property Profile

Current Use

Laurelwood Family Dentistry Dental Office Ertl Matthew T ... Dental Office Allergy Partners Corporate ... Physician Allergy Partners Partners ... Fishing Pier

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Auto Repair Shop Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,072

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 28803, NC

34,108

Population

18,322

Households

1.9

Avg Household Size

43

Median Age

50%

College-Educated

93%

High-School Grad

38.4 sq mi

ZIP Area

888

Density / Sq Mi

$70,638

Median Household Income

$41,057

Median Earnings

$1,455

Median Rent

$408,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Fully leased medical office building for sale on Hendersonville Road.

Where is this medical office space located?

The property is located at 1978 Hendersonville Road Asheville, NC.

What is the asking price?

The asking price for this property is $5,500,000.

What are key features of this property?

This property features: Fully leased building providing immediate income; Strong CAP rate of 5.56%; Leased by Allergy Partners, PA