Property profile

1778 Dellwood City Rd Waynesville, NC 28786

OFF-MARKET
Retail properties & Spaces
1,200 SF 0.47 ac lot Built 1947
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Property summary

AI-generated overview

This exceptional 1,200 square foot retail property, situated on a 0.47-acre lot in Waynesville, North Carolina, presents a compelling investment opportunity. Located at 1778 Dellwood City Rd, this single-story, 1947-built building boasts a prime location between Maggie Valley and Waynesville, ensuring high visibility and significant traffic. Currently operating as a food service establishment under a long-term lease extending to 2029, the property generates a consistent income stream. The current monthly rent is $2,500, slated to increase to $3,000 per month in 2026. The property is zoned for commercial use (Comm) and features a single unit within a single building. The asking price is $486,900, translating to $405.75 per square foot. This represents a rare chance to acquire a profitable, established business in a high-demand area, offering both immediate income and significant long-term potential. The property's APN is 8617-10-6618. This turnkey operation is ideal for savvy investors seeking a stable and appreciating asset in a thriving community. The property's net rentable square footage is 1,200 square feet.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1947
Total area 1,200 SF
Lot 0.47 ac (20,473 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1778 Dellwood City Rd Waynesville, NC 28786
Waynesville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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