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    743 Haywood Rd Asheville, NC 28806

    Sponsored
    For Sale
    $2,995,000

    Turn-key, fully equipped, 7,937 SF.

    Property size:
    7,937 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7,937 square foot restaurant and music hall, located at 743 Haywood Road in Asheville, North Carolina, presents a unique investment opportunity. Built in 1930 and situated on a 0.18-acre lot, this property boasts a vibrant history and modern upgrades. The space is zoned HR-1:CORE and features a fully equipped commercial kitchen, designed for optimal workflow and efficiency. The layout allows for concurrent multiple events, showcasing its versatility. The venue includes state-of-the-art audio and lighting production, along with infrastructure for show-streaming, making it ideal for a variety of entertainment options. Beyond the 7,937 square feet of heated interior space, there's an additional 1,224 square foot patio. The property's impressive features include three bars (two on the main floor and one upstairs), equipped with 30 beer taps (24 downstairs and 6 upstairs), and a glycol-chilled system. The building's capacity is 494 people. Currently vacant, this turn-key operation is ready for a new owner to capitalize on its established reputation and prime location in the heart of West Asheville. The asking price is $2,995,000.

    Property Features for 743 Haywood Rd

    General Information

    Property type
    Restaurants
    Square Feet
    7,937 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1930

    HighLights

    • Turnkey restaurant with all equipment included.
    • 494 square feet of occupied space.
    • Three bars: two on the main floor and one upstairs.
    • Thirty beer taps: twenty‑four on the main floor and six upstairs.
    • Glycol‑chilled beverage system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kitchen 743 Restaurant The Car Park Parking Lot Isis Music Hall Live Music Venue

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5931191
    Latitude
    35.5781145

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    FAQs

    What type of property is this?
    Restaurant - Turn-key, fully equipped, 7,937 SF.
    Where is this restaurant located?
    The property is located at 743 Haywood Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: Turnkey restaurant with all equipment included.; 494 square feet of occupied space.; Three bars: two on the main floor and one upstairs.
    Request Owner's contact information
    743 Haywood Rd Asheville, NC 28806
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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
    743 Haywood Rd Asheville, NC 28806
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