Property profile

123 Henderson St Saluda, NC 28773

OFF-MARKET
Commercial real estate
Property ID
US53-3600459
0.06 ac lot Built 1924
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Property summary

AI-generated overview

This exceptional 3-bedroom, 3-bathroom property at 123 Henderson Street in Saluda, NC, presents a unique investment opportunity. Situated on a 0.06-acre lot in the heart of downtown Saluda, this historic building boasts a rich past as the town's original paper company. Recently renovated, it offers modern comforts while retaining its original charm. For the past eight years, it has successfully operated as a highly sought-after vacation rental, welcoming guests from around the globe. The property includes a private outdoor area ideal for entertaining. Its versatile zoning allows for a variety of commercial uses, making it suitable for a range of businesses. Saluda's vibrant community offers easy access to numerous outdoor recreational activities, including state parks, waterfalls, hiking trails, river rafting, tubing, golf courses, pickleball, and skiing. The upcoming construction of the Saluda Grade Trail, a 30-mile rail-to-trail project, will further enhance Saluda's appeal as a destination for outdoor enthusiasts, increasing the property's value and potential. Priced at $695,000, this property is a rare blend of history, modern amenities, and commercial flexibility, making it an attractive investment in a thriving mountain town.

Property profile

Verified
Property type Commercial real estate
Year built 1924
Lot 0.06 ac (2,614 SF)
UPID US53-3600459

Cap rate & NOI

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

Location

123 Henderson St Saluda, NC 28773
Saluda 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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