Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2020 Asheville Highway Hendersonville, NC 28791

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,400,000

    Turn-key investment opportunity with income and redevelopment potential.

    Type:Commercial
    Added:
    Feb 1, 2026
    Days on Market:
    79
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 2020 Asheville Highway

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    JOHNNY DUNCAN

    Listing agent JOHNNY DUNCAN

    Listing office BLUAXIS REALTY

    Listing date Feb 1, 2026

    Source Corcoran

    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 BLUAXIS REALTY

    Overview

    Remodeled Commercial Building on Asheville Highway

    This commercial property, located on Asheville Highway, presents a turn-key investment opportunity. The primary building, a fully remodeled convenience store, was upgraded in 2021 with new three-phase electrical, HVAC systems, roof, windows, and flooring. It is currently leased under a triple-net (NNN) lease, providing immediate income. The sale includes an adjoining parcel equipped with a 200-amp electrical service with 110V, 30A, and 50A receptacles, and a city water connection, designed for food truck operations. This lot is currently leased on a month-to-month basis to a food truck, offering current income and future redevelopment or expansion potential. The property benefits from high visibility, strong traffic counts, and consistent consumer demand, surrounded by established businesses including Ingles Markets, Pelican’s SnoBalls, Monte’s Subs, Bay Breeze Seafood, and Moe’s Original BBQ. This property is located along one of Hendersonville’s busiest commercial corridors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Sav-Mor Foods — 1047 Fleming St, Hendersonville, NC 28791

    Location Insight

    • Map
    • Local Demand
    City
    Hendersonville
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.473
    Latitude
    35.3375

    Nearby Similar for Sale

    • $1,400,000

      Hendersonville Commercial Property For Sale

      Former pillow factory with over 25,000 square feet of space.
      1281 RIDGE Road, Hendersonville, NC 28792
      View Details
    • $1,750,000

      50-Acre Apple Orchard Opportunity

      Working apple orchard in Hendersonville, North Carolina.
      Old Clear Creek Road, , NC 28792
      View Details
    • $2,000,000

      Main Street Hendersonville Building

      18,000 sq ft building on Main Street in Hendersonville.
      201 N Main Street, Hendersonville, NC 28739
      View Details
    • $1,200,000
      5,700 SF

      Downtown Hendersonville Class A Office

      Class A office space in Historic Downtown Hendersonville.
      401 N Main Street, Hendersonville, NC 28792
      View Details
    • $500,000
      2,583 SF

      Hendersonville Office Condo For Sale

      2,583 SF office condo in a prime Hendersonville location.
      120 Chadwick Square Ct, Hendersonville, NC
      View Details
    • $1,550,000

      Hendersonville Industrial Property For Sale

      Industrial property in established park, less than 1 mile from I-26.
      25 Reeds Way, Hendersonville, NC 28792
      View Details
    • $3,250,000
      10,683 SF

      Class A Financial Facility

      Well-maintained financial facility with long-term tenant and drive-thru lanes.
      101 Jack St, Hendersonville, NC 28792
      View Details
    • $838,000
      2,599 SF

      Hendersonville Retail Investment Opportunity

      Retail space in a prime Hendersonville location.
      104 Clairmont Dr, Hendersonville, NC
      View Details
    • $2,850,000
      35,100 SF

      Hendersonville Warehouse and Office Building

      35,100 SF building on 3.55 acres near downtown.
      1495 North Main Street, Hendersonville, NC 28739
      View Details
    • $1,500,000

      Hendersonville Commercial Property For Sale

      Commercial property with real estate, business, inventory, and equipment included.
      2212 Asheville Highway, Hendersonville, NC 28791
      View Details
    • $1,300,000
      5,612 SF

      Downtown Hendersonville Class A Office

      Class A office space in historic downtown Hendersonville.
      401 N Main Street, Hendersonville, NC 28792
      View Details
    • $3,950,000
      72,000 SF

      Adaptive Space Near Downtown Hendersonville

      72,000+ SF facility ideal for industrial or adaptive reuse.
      701 Oriole Drive, Hendersonville, NC 28792
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Turn-key investment opportunity with income and redevelopment potential.
    Where is this grocery and convenience store located?
    The property is located at 2020 Asheville Highway Hendersonville, NC.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Fully remodeled building with new electrical, HVAC, roof, windows, and flooring.; Triple‑net (NNN) lease in place, providing immediate income.; Adjoining parcel includes electrical service and water connection, ideal for food truck operations or future development.
    (828) 233-5447
    We can help!
    Listing Contact
    JOHNNY DUNCAN
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!