Property profile

109 Florence St Hendersonville, NC 28792

OFF-MARKET
Retail space
Property ID
US53-0639229
32,500 SF 1.72 ac lot Built 1990
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 32,500-square-foot industrial property at 109 Florence Street in Hendersonville, North Carolina, presents a unique leasing opportunity. Currently partially occupied, 10,000 square feet of warehouse space is immediately available. The single-story building, constructed in 1990, boasts a 16-foot ceiling height, providing ample vertical storage capacity. The property features two loading docks and one drive-in door, ensuring efficient loading and unloading operations. The building is served by 440v 3-phase power. Situated on 1.72 acres of flat land, the property offers easy access and convenient location. Its CZD zoning provides flexibility for various industrial uses. The property is conveniently located off Spartanburg Highway, just 2.5 miles from I-26 and 16 miles from the Asheville Airport, providing excellent regional accessibility. The current tenant is Grace Blue Ridge Church. Qualified tenants may have the option to add a bathroom. Tax and insurance information is available upon request. The gross lease rate is $8.00 per square foot. The APN is 9950938. This property is ideal for businesses seeking a well-located, functional warehouse space with excellent access and ample room for expansion.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Total area 32,500 SF
Lot 1.72 ac (74,923 SF)
Zoning code 9950938~HC
APN 9578215868-030
UPID US53-0639229

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Church
  • Church

Location

109 Florence St Hendersonville, NC 28792-6301
Hendersonville metro Census 931300 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$1.39M

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

9950938~HC · Hendersonville, NC

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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