Retail Building with Billboard
For Sale
Contact for pricing
2172 SMOKEY PARK HWY, Candler, NC
A 0.5-acre commercial site with a 1,580 SF building, on-site billboard, and Open Use zoning.
Property Size1,398 SF
Lot Size0.50 Acres
Price / SF$249.64
Days on Market167
Property Features for 2172 SMOKEY PARK HWY
General Information
Standard status
Active
Size
1,398 SF
Lot size
0.50 Acres
Property subtype
Retail
Zoning
Open Use
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1950
Stories
1
Units
5
Listing Agency:
Century 21 Connected
Listed By:
Aaron Palmer · License #NC 292874
(828) 348-0222
Source:
Crexi
Added: Apr 26
Changed: Oct 5
Last Checked: Oct 7 at 12:23PM
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 Century 21 Connected
Investment Insights
Based on property information with market context.
For sale is a paved, high-visibility commercial property on Smokey Park Highway in Candler, NC, minutes from Asheville. The site includes a 1,580 SF building and a rare on-site billboard structure that generates $2,000 per year in income through 2027, with potential for future owner-use advertising.
The property is positioned along a high-traffic corridor and is zoned Open Use, supporting flexible commercial applications. The listing also notes the bathroom downstairs is not functional and there is no bathroom upstairs. The septic system cannot be located and there is nothing on file; the seller states there is a contractor estimate available for building a new bathroom upstairs.
The billboard income provides an existing revenue component while the building and site offer a practical option for a buyer seeking control of location and signage visibility under the Open Use zoning framework.
The property is positioned along a high-traffic corridor and is zoned Open Use, supporting flexible commercial applications. The listing also notes the bathroom downstairs is not functional and there is no bathroom upstairs. The septic system cannot be located and there is nothing on file; the seller states there is a contractor estimate available for building a new bathroom upstairs.
The billboard income provides an existing revenue component while the building and site offer a practical option for a buyer seeking control of location and signage visibility under the Open Use zoning framework.
Key Highlights
- 0.5‑acre commercial property along Smokey Park Highway in Candler, NC, just minutes from Asheville
- Includes a 1,580 SF building built in 1950 plus an on‑site billboard
- Billboard income of $2,000 per year through 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,392
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,840
$327.8K
Cap Rate 7%
$234,171
$234.2K
Cap Rate 9%
$182,133
$182.1K
Market Conditions
NOI Build-Up for 1,398 SF
Gross rent
$23.8K $17.04/SF
− Vacancy
−$405 −$0.29/SF
EGI
$23.4K $16.75/SF
− OpEx
−$7.0K −$5.03/SF
NOI
$16.4K $11.73/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,840
Cap Rate 7%
$234,171
Cap Rate 9%
$182,133
Alternative Uses
Best Use
Retail
$234.2K
$204.9K – $273.2K
NOI $16,392 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.1K
$386.8K – $515.8K
NOI $30,945 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - A 0.5-acre commercial site with a 1,580 SF building, on-site billboard, and Open Use zoning.
Where is this retail space located?
The property is located at 2172 SMOKEY PARK HWY Candler, NC.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 0.5‑acre commercial property along Smokey Park Highway in Candler, NC, just minutes from Asheville; Includes a 1,580 SF building built in 1950 plus an on‑site billboard; Billboard income of $2,000 per year through 2027
