Listing Agency: Berkshire Hathaway HomeServices Meadows Mountain Realty j***@bhhsmmr.com Show Phone

Listed By: Judith Michaud · License #136884 Show Phone

Source: Exprealty

Added: Oct 26 Changed: Nov 1 Last Checked: Nov 1 at 3:49PM

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Investment Insights

Based on property information with market context.

At 488 Main Street, a three-bedroom, three-and-a-half-bath apartment is paired with two commercial spaces, including one currently used as an office. The apartment operates as a short-term rental and has a living area, kitchen, and three bedrooms, each with a king-size bed and private bath. The primary suite has a step-in shower and separate tub; another main-level bedroom includes a small private balcony. The upper-level loft bedroom has a king bed, a queen Murphy bed, and a full bath with a shower-tub combination. A separate half bath is also included.

The property is on Main Street in Highlands, North Carolina. The Highlands Biological Station and Nature Center and the trail to Sunset Rock are identified nearby. The two commercial spaces provide separate areas for business occupancy alongside the apartment.

Key Highlights

• Three‑bedroom, 3.5‑bath apartment with two commercial spaces
• Apartment currently operates as a short‑term rental
• One commercial space is currently used as an office

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Pro Nails Nail Salon Caroline M. Ragsdale, ... Real Estate Agency Berkshire Hathaway HomeServices ... Real Estate Agency Michaud Rauers Group Real Estate Agency

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Auto Parts Store Plumbing Service Auto Repair Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

525

Businesses Nearby

Explore this area Business Placement

Demographics for 28741, NC

3,736

Population

6,089

Households

0.6

Avg Household Size

60

Median Age

48%

College-Educated

90%

High-School Grad

90.3 sq mi

ZIP Area

41

Density / Sq Mi

$68,874

Median Household Income

$40,298

Median Earnings

$862

Median Rent

$596,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Three bedrooms and two commercial units combine residential lodging with space for business occupancy.

Where is this mixed-use property located?

The property is located at 488 Main Street Highlands, NC.

What is the asking price?

The asking price for this property is $4,750,000.

What are key features of this property?

This property features: Three‑bedroom, 3.5‑bath apartment with two commercial spaces; Apartment currently operates as a short‑term rental; One commercial space is currently used as an office