Swannanoa Multi-Use Investment
For Sale
$745,000
626 Old Lytle Cove Road, Swannanoa, NC 28778
Multi-use property with high visibility and prime location.
Property Size2,586 SF
Price / SF$288.09
Days on Market337
Property Features for 626 Old Lytle Cove Road
General Information
Standard status
Active
Size
2,586 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
REBECCA LAFUNOR
Source:
Corcoran
Added: Aug 28, 2025
Changed: Jul 10
Last Checked: Jul 30 at 6:36AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This multi-use property is located in Swannanoa, offering frontage on I-40 and access to US-70. Zoned BC-EMP, the property allows for commercial, retail, or mixed-use applications. Currently, the site features a retail showroom and two furnished vacation rentals, with most furnishings conveying. A two-story Accessory Dwelling Unit (ADU) in vanilla shell condition and a detached storage shed are also located on the premises. The lot previously accommodated two mobile homes, with one pad remaining fully graded. A large parking area includes an RV spot. Traffic counts are approximately 13,000 vehicles per day on US-70 and 35,000 vehicles per day on I-40. The property spans 2,586 square feet. This property is positioned between Black Mountain and Swannanoa’s commercial and retail districts, making it suitable for business expansion, development of additional units, or long-term appreciation.
Key Highlights
- Prime location with high visibility and back frontage on I‑40 and arterial access to US‑70
- Zoned BC‑EMP, offering flexibility for commercial, retail, or mixed‑use applications
- Includes a retail showroom and two furnished vacation rentals (most furnishings convey)
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 | $44.1k | $17.04 |
| − Vacancy | −$749 | −$0.29 |
| EGI | $43.3k | $16.75 |
| − OpEx | −$13.0k | −$5.03 |
| NOI | $30.3k | $11.73 |
2,586 SF · lease $17.04/SF/yr · vacancy 1.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$433.2K
$379.0K – $505.4K
NOI $30,321 @ 7.0% cap · market cap 4.07%
Second Best
Mixed Use
$394.8K
$345.5K – $460.6K
NOI $27,638 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$817.7K
$715.5K – $954.0K
NOI $57,241 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 28778, NC
10,328
Population
4,865
Households
2.1
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
32.5 sq mi
ZIP Area
318
Density / Sq Mi
$72,717
Median Household Income
$36,218
Median Earnings
$1,004
Median Rent
$273,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-use property with high visibility and prime location.
Where is this mixed-use property located?
The property is located at 626 Old Lytle Cove Road Swannanoa, NC.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Prime location with high visibility and back frontage on I‑40 and arterial access to US‑70; Zoned BC‑EMP, offering flexibility for commercial, retail, or mixed‑use applications; Includes a retail showroom and two furnished vacation rentals (most furnishings convey)
