37 Church St St Waynesville, NC 28786
This exceptional property at 37 Church Street in Waynesville, NC, presents a unique investment opportunity. Listed on the National Historic Registry, this multi-use building boasts a rich history and significant potential. The ground floor currently operates as a thriving bar/pub, generating consistent income. The second floor comprises eleven individual office spaces, all currently leased, providing a steady stream of rental revenue. A spacious ballroom occupies the entire third floor, offering versatile event space. The building's location within Waynesville's central business district (CBD) ensures high visibility and accessibility. An adjacent parking lot provides ample parking for tenants and patrons. The 0.36-acre lot offers potential for future expansion or development. The building's historic charm is complemented by its modern functionality, making it an ideal investment for those seeking a blend of established income and future growth opportunities. Detailed financial information and lease agreements are available upon request. Further information can be found at the provided website: the37venue.com. This is a rare opportunity to acquire a landmark property in a thriving North Carolina town. The combination of established businesses, leased office spaces, and a versatile ballroom makes this a truly unique and attractive investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.