1636 Hendersonville Rd Asheville, NC 28803-3197
- Commercial real estate
- 82,982 SF
- 9.65 lot acres
Current Use by Public Records
- Walmart Photo Center / (Bike/Boat/Book/etc) Store
- Coinstar / Bank / Credit Union
- Asheville Sushi & Hibachi / Restaurant
- Walmart Garden Center / Garden Center
- Hue Color Lounge South / Hair Salon / Nail Salon
Property Details for 1636 Hendersonville Rd
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 9.65 lot acres
- Property size
- 82,982 SF
- Zone code
- DEED DATE: 04/29/1999 DEE
- Property type
- Commercial real estate
- APN
- 9656-10-2023-00000
- APU
- 965610202300000
Description
This exceptional opportunity presents two retail suites for lease within the Forest Ridge Shopping Center, a thriving 200,000-square-foot retail center in Asheville, North Carolina. The property boasts a prime location on Hendersonville Road, a high-traffic area with 33,000 vehicles passing daily, placing it at one of Asheville's busiest intersections. Suite 115 offers 1,800 square feet of adaptable warm shell retail space, perfect for a variety of businesses. Suite 125, measuring 2,000 square feet, is a turn-key counter-service restaurant space. Existing fixtures, furniture, and equipment (FFE) are included, subject to verification within the lease agreement. The center enjoys a strong tenant mix, including national retailers and local favorites such as Walmart Supercenter, T-Mobile, Sola Salon, and several restaurants. This location benefits from its proximity to Biltmore Forest and is surrounded by a dense residential population, including single-family homes, condos, and apartments, ensuring a robust customer base. The estimated triple net (TICAM) is $2.20 per square foot annually. This property offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and a thriving community. Minimum divisible space is 1,800 square feet, with a maximum contiguous space of 2,000 square feet. The center comprises two total suites. Currently, 3,800 square feet of space is available for lease.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $14,199,000
- AI Estimate
- $14,199,000
Market price range: $14.2M - $35.8MMarket price range: $14.2M - $35.8M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $21,745,000 Current use
- AUTO REPAIR, GARAGE
- $21,270,000 Change: -2% Conversion: Difficult
- MEDICAL BUILDING
- $18,730,000 Change: -14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5256
- Latitude
- 35.5128
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA