Building Details

Year Built 1988

Listing Agency: Likewise Commercial Real Estate c***@likewisecommercial.com Show Phone

Listed By: Carla Barnard · License #286709

Source: Lewisandkirk

Added: Aug 10 Changed: Aug 30 Last Checked: Aug 30 at 12:26PM

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Investment Insights

Based on property information with market context.

This 0.23-acre commercial land offering is available through a ground lease at a former Waffle House site. The property is positioned for restaurant-oriented concepts, including either drive-thru or sit-down formats, and includes access to shared parking serving established businesses in the area.

The site is 0.3 miles from I-26 at Exit 11, with reported traffic of more than 11,500 vehicles per day. Additional retail destinations within one mile along Carl Eller Rd include Subway, Bojangles, Starbucks, Ingles, CVS, and BP. The property is zoned R-A in Madison County and lies within the Mars Hill city limits.

Key Highlights

• 0.23‑acre commercial ground lease site at a former Waffle House location
• 0.3 miles from I‑26 at Exit 11
• Traffic count of 11,500+ vehicles per day

Property Analytics

Current Use

Waffle House Restaurant

Suggested Use

Top Pick Building Supply Dental Office Parking Lot & Garage HVAC Service Electrical Service Plumbing Service

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

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

198

Businesses Nearby

Explore this area Business Placement

Demographics for 28754, NC

8,074

Population

4,460

Households

1.8

Avg Household Size

44

Median Age

32%

College-Educated

94%

High-School Grad

87.3 sq mi

ZIP Area

92

Density / Sq Mi

$68,750

Median Household Income

$39,029

Median Earnings

$841

Median Rent

$289,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - R-A-zoned ground lease site suited to drive-thru or sit-down restaurant formats with shared parking access.

Where is this commercial land located?

The property is located at 695 Carl Eller Rd Mars Hill, NC.

What is the lease rate?

The lease rate is $4,000/Mo.

What are key features of this property?

This property features: 0.23‑acre commercial ground lease site at a former Waffle House location; 0.3 miles from I‑26 at Exit 11; Traffic count of 11,500+ vehicles per day