Classic Isis Theater on
743 Haywood Road, Asheville, NC 28806
For Sale
$2,799,999
Versatile event space in the heart of West Asheville.
Property Size7,937 SF
Price / SF$352.78
Days on Market249
Property Features for 743 Haywood Road
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Dewey Property Advisors
Listed By:
Scott Raines, CCIM · License NC #226165
(828) 551-0087
Source:
Deweypa
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 8 at 6:20AM
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 Dewey Property Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The classic Isis Theater, situated on Haywood Road in West Asheville, is a purpose-built cultural venue offering flexible, performance-ready assembly space suitable for a wide range of events, from local programming to large-scale performances. The property features optimum acoustics, adaptable interiors, an outdoor component, a commercial kitchen, and service-ready infrastructure. The configuration can accommodate concurrent multiple events. Currently set up as a restaurant and music/events space, the venue is turn-key and includes state-of-the-art audio and light production, as well as infrastructure for show-streaming. The property includes approximately 7,937 square feet of heated interior space with an occupancy of 494, and approximately 1,224 square feet of outdoor patio space. There are three bars, two on the main floor and one upstairs, along with a glycol chilled system featuring 30 beer taps, 24 on the main floor and 6 upstairs. This historic venue has long served as a community gathering place and benefits from strong visibility, steady foot and vehicle traffic, and proximity to established local businesses. It is well-suited for cultural programming and events serving both locals and visitors.
Key Highlights
- Turn‑key restaurant and music/events venue with state‑of‑the‑art audio and light production, plus show‑streaming infrastructure.
- Located in the heart of West Asheville with high visibility and foot traffic.
- Versatile event space designed for a wide range of events and adaptable interiors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,945
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,218,900
$2.2M
Cap Rate 7%
$1,584,929
$1.6M
Cap Rate 9%
$1,232,722
$1.2M
Market Conditions
NOI Build-Up for 7,937 SF
Gross rent
$150.5K $18.96/SF
− Vacancy
−$2.6K −$0.32/SF
EGI
$147.9K $18.64/SF
− OpEx
−$37.0K −$4.66/SF
NOI
$110.9K $13.98/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,218,900
Cap Rate 7%
$1,584,929
Cap Rate 9%
$1,232,722
Alternative Uses
Best Use
Specialty Retail
$1.58M
$1.39M – $1.85M
NOI $110,945 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,685 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Shops & Services 37%
Beauty & Spa 4%
Ingles
Groceries
20,120 visits/mo
0.3 miles
Shell
Shops & Services
7,697 visits/mo
0.1 miles
Truist
Shops & Services
5,096 visits/mo
0.5 miles
Cosmoprof
Beauty & Spa
1,313 visits/mo
0.5 miles
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Theater & concert hall - Versatile event space in the heart of West Asheville.
Where is this theater & concert hall located?
The property is located at 743 Haywood Road Asheville, NC.
What is the asking price?
The asking price for this property is $2,799,999.
What are key features of this property?
This property features: Turn‑key restaurant and music/events venue with state‑of‑the‑art audio and light production, plus show‑streaming infrastructure.; Located in the heart of West Asheville with high visibility and foot traffic.; Versatile event space designed for a wide range of events and adaptable interiors.
