701 Oriole Dr Hendersonville, NC 28792
- Industrial properties
- 53,672 SF
- 4.13 lot acres
Current Use by Public Records
- The Oriole Mill / Weaving Mill
- Libby O'Bryan / Artist
Property Details for 701 Oriole Dr
- Year built
- 1940
- Lot size
- 4.13 lot acres
- Property size
- 53,672 SF
- Zone code
- 9938782~I-1
- Property type
- Industrial properties
- APN
- 9569822477
- APU
- 9569822477
Description
This exceptional 72,785 square foot industrial building presents a unique investment opportunity in Hendersonville, NC. The structure, built of durable masonry, concrete, and steel, offers significant adaptive reuse potential. Situated on a generous 4.13-acre lot, the property boasts light industrial zoning, allowing for a diverse range of commercial and office uses. Its robust construction ensures longevity and resilience, making it an attractive option for long-term investors. The building's spacious layout provides ample room for customization and tenant improvements, catering to a variety of business needs. The strategic location in Hendersonville offers convenient access to major transportation arteries and local amenities, enhancing its appeal to potential tenants and maximizing its market value. This prime location within a thriving area promises strong potential for long-term rental income and capital appreciation. The property's size and versatility make it ideal for a variety of businesses seeking a substantial and well-constructed space in a desirable location. This is a rare opportunity to acquire a substantial industrial property with significant upside potential in a growing market. The combination of size, location, and zoning makes this an exceptional investment prospect.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $815,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $765,000
- 6.5%
- $745,000
- 7%
- $715,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $745,000
- Geo Method
- $865,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $590,000
- Retail
- $760,000
- Mixed-Use
- $615,000
- Hospitality
- $675,000
- Educational
- $700,000
- Residential Income
- $620,000
- Energy
- $735,000
- Income-Based Land
- $730,000
- Food Service
- $725,000
Location Insight
- Map
- Local Demand
- City
- Hendersonville
- County
- Henderson
- State
- North Carolina
- Longitude
- -82.4596
- Latitude
- 35.3287
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
