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    163 Depot St Waynesville, NC 28786

    Sponsored
    For Sale
    $924,000

    Two buildings, prime location, high potential

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Waynesville, NC investment opportunity comprises two charming buildings totaling 1,500 square feet on a 0.23-acre lot at 163 + 157 Depot Street, zoned CS. Built in 1960, these well-maintained properties boast a prime location just one block from Main Street, offering versatile spaces ideal for various businesses. One building, previously a tattoo parlor, is adaptable to diverse ventures. The second building, formerly a thriving hair and nail salon, presents a unique opportunity for beauty and wellness businesses, featuring a serene ambiance. Both buildings benefit from ample foot traffic due to their central location and provide eight parking spaces. The property includes two separate APNs: 8615-28-7390 and 8615-28-8226. Individual building purchases are possible: 163 Depot Street is offered at $675,000, and 157 Depot Street at $249,000. The combined asking price for both buildings is $924,000, representing a price per square foot of $800. This property presents a compelling investment opportunity in a vibrant community.

    Property Features for 163 Depot St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,500 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1960
    Buildings
    2

    HighLights

    • $924,000 asking price for a 1,500 SF retail property.
    • Located at 163 + 157 Depot Street, Waynesville, NC 28786.
    • Property consists of two buildings on a 0.23‑acre lot with 8 parking spaces.
    • Features CS zoning and was built in 1960.
    • APN: 8615‑28‑7390 + 8615‑28‑8226.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nail Impressions By ... Nail Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.989529
    Latitude
    35.4930952

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    FAQs

    What type of property is this?
    Individual retail property - Two buildings, prime location, high potential
    Where is this individual retail property located?
    The property is located at 163 Depot St Waynesville, NC.
    What is the asking price?
    The asking price for this property is $924,000.
    What are key features of this property?
    This property features: $924,000 asking price for a 1,500 SF retail property.; Located at 163 + 157 Depot Street, Waynesville, NC 28786.; Property consists of two buildings on a 0.23-acre lot with 8 parking spaces.
    Request Owner's contact information
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    Waynesville, NC 28786
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    163 Depot St Waynesville, NC 28786
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