Waynesville Redevelopment Assemblage
1659 S Main Street, Waynesville, NC 28786
1.53 acres with 15 units, redevelopment potential in Waynesville.
Type:Land
Property size:
1,746 SFLot size:
1.53 AcresPrice / SF:
$501/SF- Added:
- Jan 31, 2026
- Days on Market:
- 102
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1659 S Main Street
General Information
- Standard status
- Active
- Size
- 1,746 SF
- Lot size
- 1.53 Acres
- Property subtype
- Land
Listing agent Thomas Mallette License #NC 234135
Listing office Better Homes and Gardens Real Estate Heritage
Listing date Jan 31, 2026
Source Crexi
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 Better Homes and Gardens Real Estate Heritage
HighLights
- Rare 1.53‑acre redevelopment assemblage in Waynesville's South Main corridor.
- Flexible South Main Business District (SM‑BD) zoning allows for diverse commercial and multifamily uses.
- High visibility and access within the designated South Main Redevelopment District.
- Existing monthly gross rent exceeds $12,000 with potential for increased income.
- Walkable to key amenities including Ingles, Walmart, breweries, restaurants, and downtown Waynesville.
- Proximity to the revitalized Waynesville Inn & Golf Club.
Overview
This offering presents a rare redevelopment assemblage in Waynesville's South Main corridor, featuring 1.53 acres across two contiguous parcels. The site is zoned South Main Business District (SM-BD), allowing for flexible commercial and multifamily use. Parcel 1, spanning 0.709 acres, includes a 1,746 sq ft commercial building, a triplex, a duplex, and two freestanding apartments, totaling 7 units. Parcel 2, covering 0.82 acres, contains 8 residential units in cottages and duplexes, with 7 currently occupied. One unit is uninhabitable due to past flood damage. The existing monthly gross rent exceeds $12,000, though many units are rented below market value. All structures, built in the mid-20th century, are in fair to poor condition, with deferred maintenance, aged roofs, and no central HVAC. The site is priced for land value and potential upside, not stabilized income. Zoning permits various future uses, including multifamily, mixed-use, retail, office, or boutique hospitality. The location is walkable to Ingles, Walmart, breweries, restaurants, and downtown Waynesville. The parcels are adjacent to the revitalized Waynesville Inn & Golf Club and are within the South Main Redevelopment District, offering visibility and access for developers. The combined parcels create an infill footprint with Main Street frontage, public utilities, and proximity to commercial anchors. Adaptive reuse or full redevelopment options are available.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Get Your Groom On
Pet Grooming Service
7 Sisters Treasures
Department Store
Location Insight
- Map
- Local Demand
- City
- Waynesville
- County
- Haywood
- State
- North Carolina
- Longitude
- -83.0020493
- Latitude
- 35.4703703
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 1.53 acres with 15 units, redevelopment potential in Waynesville.
Where is this commercial land located?
The property is located at 1659 S Main Street Waynesville, NC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Rare 1.53‑acre redevelopment assemblage in Waynesville's South Main corridor.; Flexible South Main Business District (SM‑BD) zoning allows for diverse commercial and multifamily uses.; High visibility and access within the designated South Main Redevelopment District.
