Class A Office Condo
401 N Main Street Unit 3 Hendersonville, NC 28792
401 N Main Street Unit 3, Hendersonville, NC, 28792
$1,200,000
For Sale
$1,200,000
3rd-floor Class A office condo includes private offices, conference room, and adjacent kitchen with side-street elevator or stair access.
Property Size5,612 SF
Price / SF$213.83
Days on Market520
Property Features for 401 N Main Street Unit 3
General Information
- Standard status
- Active
- Size
- 5,612 SF
- Property subtype
- Office
Building Details
- Year Built
- 1923
Listing agency
Beverly Hanks & Assoc. Hendersonville
(828) 329-1529
Listed by
Steve Dozier · License #197846
(828) 329-1529
Source
Xome
Added: Feb 16, 2025 Updated: Jul 21 at 4:06AM Checked: Jul 21 at 4:06AM
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 Beverly Hanks & Assoc. Hendersonville
Investment Insights
Based on property information with market context.
Available for sale is a Class A office condo suite located on the entire 3rd floor of a downtown building. The floor plan includes seven to eight private offices, a spacious conference room, and an adjacent kitchen. Well-designed storage areas provide flexibility and may be converted into additional office space if needed.
Access is available from a side street entrance, with service to the 3rd floor via elevator or stairway. The condo association manages five dedicated parking spaces across 4th Avenue West.
The suite is positioned at a corner location on 4th Avenue West and Main Street, and is offered as part of a condominium structure where each floor has been set up as its own condo.
Access is available from a side street entrance, with service to the 3rd floor via elevator or stairway. The condo association manages five dedicated parking spaces across 4th Avenue West.
The suite is positioned at a corner location on 4th Avenue West and Main Street, and is offered as part of a condominium structure where each floor has been set up as its own condo.
Key Highlights
- Entire 3rd floor Class A office condo in Historic Downtown Hendersonville at the corner of 4th Avenue West and Main Street
- Over 5,700 SF on the 3rd floor with condo setup; side‑street entrance provides access via elevator or stairway
- Layout includes seven to eight private offices plus a spacious conference room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.7k | $24.00 |
| − Vacancy | −$3.8k | −$0.67 |
| EGI | $130.9k | $23.33 |
| − OpEx | −$32.7k | −$5.83 |
| NOI | $98.2k | $17.50 |
5,612 SF · lease $24.00/SF/yr · vacancy 2.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,188 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,917 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Community Foundation of Henderson ...
Charitable Organization
Fazio Golf Course ...
Golf Course
Postero
Restaurant
Downtown Hendersonville - Main ...
Charitable Organization
Dr. Umberto Fontana
Physician
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FAQs
What type of property is this?
Office units - 3rd-floor Class A office condo includes private offices, conference room, and adjacent kitchen with side-street elevator or stair access.
Where is this office units located?
The property is located at 401 N Main Street Unit 3 Hendersonville, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Entire 3rd floor Class A office condo in Historic Downtown Hendersonville at the corner of 4th Avenue West and Main Street; Over 5,700 SF on the 3rd floor with condo setup; side‑street entrance provides access via elevator or stairway; Layout includes seven to eight private offices plus a spacious conference room
