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    FOR SALE
    Industrial properties

    701 Oriole Dr, Hendersonville, NC 28792

    53,672 SF 4.13 ac lot Built 1940
    Entity Owned 20-yr Hold Free & Clear
    Property ID
    US53-1129104
    Property summary
    AI-generated overview

    This exceptional 72,785 square foot industrial building presents a unique investment opportunity in Hendersonville, NC. The structure, built of durable masonry, concrete, and steel, offers significant adaptive reuse potential. Situated on a generous 4.13-acre lot, the property boasts light industrial zoning, allowing for a diverse range of commercial and office uses. Its robust construction ensures longevity and resilience, making it an attractive option for long-term investors. The building's spacious layout provides ample room for customization and tenant improvements, catering to a variety of business needs. The strategic location in Hendersonville offers convenient access to major transportation arteries and local amenities, enhancing its appeal to potential tenants and maximizing its market value. This prime location within a thriving area promises strong potential for long-term rental income and capital appreciation. The property's size and versatility make it ideal for a variety of businesses seeking a substantial and well-constructed space in a desirable location. This is a rare opportunity to acquire a substantial industrial property with significant upside potential in a growing market. The combination of size, location, and zoning makes this an exceptional investment prospect.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1940
    Total area 53,672 SF
    Lot 4.13 ac (179,903 SF)
    Zoning code 9938782~I-1
    APN 9569822477
    UPID US53-1129104
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Oriole Mill Mill
    • Libby O'Bryan Artist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.00M
    Blend (final) Blend
    $2.58M
    Owner & transaction history
    Eighth Avenue East LLC · 20 yrs held
    Eighth Avenue East LLC
    since 2006
    1 recorded transaction
    2006
    $755,000
    Zoning & alternative use
    9938782~I-1 · Hendersonville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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