Freestanding Storefront
For Sale
$499,999
295 W Haywood Street, Asheville, NC 28801
Single-occupancy commercial building with updated roof, siding, and windows, plus parking and storage.
Property Size1,193 SF
Price / SF$419.11
Days on Market41
Property Features for 295 W Haywood Street
General Information
Standard status
Active
Size
1,193 SF
Property subtype
Commercial
Zoning
CB1
Amenities
parking
storage
Building Details
Year Built
1951
Buildings
1
Tenancy
Single
Listing Agency:
EXP Realty LLC
(888) 584-9431
Listed By:
Jason Brodsky · License #254007
Source:
Techrealtyllc
Added: Jun 22
Changed: Jul 31
Last Checked: Jul 31 at 3:48PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This freestanding storefront property is configured for single occupancy and includes parking and generous storage. The building has received updates to the roof, siding, and windows, providing a maintained physical base for its next commercial use. Built in 1951, the property is zoned CB1.
Located at 295 W Haywood Street in Asheville, the property is near downtown Asheville and the area’s restaurant, retail, and arts activity. Its position on a commercial corridor provides direct access to the surrounding downtown environment while remaining outside the downtown core.
Located at 295 W Haywood Street in Asheville, the property is near downtown Asheville and the area’s restaurant, retail, and arts activity. Its position on a commercial corridor provides direct access to the surrounding downtown environment while remaining outside the downtown core.
Key Highlights
- Freestanding single‑occupancy storefront property
- Updates to the roof, siding, and windows
- Near downtown Asheville’s restaurant, retail, and arts activity
Financial Insights For Retail
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 | $20.3k | $17.04 |
| − Vacancy | −$346 | −$0.29 |
| EGI | $20.0k | $16.75 |
| − OpEx | −$6.0k | −$5.03 |
| NOI | $14.0k | $11.73 |
1,193 SF · lease $17.04/SF/yr · vacancy 1.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$199.8K
$174.9K – $233.1K
NOI $13,988 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,407 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,675
Businesses Nearby
34k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 78%
Shops & Services 19%
Home Improvements & Furnishings 3%
Cambria Hotel Downtown Asheville
Hotels & Casinos
8,998 visits/mo
0.4 miles
Embassy Suites By Hilton Asheville Downtown
Hotels & Casinos
7,794 visits/mo
0.3 miles
PNC Bank
Shops & Services
4,516 visits/mo
0.4 miles
DoubleTree by Hilton
Hotels & Casinos
4,345 visits/mo
0.3 miles
Hotel Indigo Asheville Downtown
Hotels & Casinos
3,619 visits/mo
0.4 miles
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ditsy Flowers — 65 Merrimon Ave #1232, Asheville, NC 28801
- Shady Grove Flowers — 65 N Lexington Ave, Asheville, NC 28801
- Bloomin' Art — 60 Haywood St, Asheville, NC 28801
- Studio Flora Diva Inc — 1 Page Ave #112-H, Asheville, NC 28801
Frequently Asked Questions
What type of property is this?
Storefront property - Single-occupancy commercial building with updated roof, siding, and windows, plus parking and storage.
Where is this storefront property located?
The property is located at 295 W Haywood Street Asheville, NC.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Freestanding single‑occupancy storefront property; Updates to the roof, siding, and windows; Near downtown Asheville’s restaurant, retail, and arts activity
