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    FOR LEASE
    Office Spaces

    1902 S Main St, Waynesville, NC 28786

    11,324 SF 1.25 ac lot Built 1989
    Entity Owned ~ Est. High Equity
    Property ID
    US53-0692025
    Property summary
    AI-generated overview

    This exceptional 1.25-acre commercial property located at 1896 S Main Street, Waynesville, NC, presents a compelling investment opportunity. Priced at $2,395,000, the well-maintained office building boasts a desirable location at the burgeoning commercial end of Waynesville, offering convenient access to the Smoky Mountain Expressway (NC 74). The property benefits from minimal management requirements, thanks to a mix of tenants, including some national brands. Ample parking is available for tenants and visitors, enhancing the property's appeal. The building's strong tenant base contributes to a stable income stream, and the strategic location within a growing commercial area suggests significant potential for future appreciation. Detailed financial information, including the rent roll and operating expenses, is available upon request to qualified buyers. This presents a rare chance to acquire a well-positioned, low-maintenance commercial property with a proven track record and substantial upside potential in a thriving market. Don't miss this opportunity to secure a valuable asset in a prime location.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1989
    Total area 11,324 SF
    Lot 1.25 ac (54,450 SF)
    Zoning code SM-BD
    APN 8604-79-6460
    UPID US53-0692025
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Daylight Donuts Bakery Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.81M
    Blend (final) Blend
    $1.82M
    Owner & transaction history
    River Highway Property LLC
    River Highway Property LLC
    since 2025
    Last sale
    $2.1M
    4 recorded transactions
    2025
    $2.1M
    2018
    2009
    $965,000
    1969
    Zoning & alternative use
    SM-BD · Waynesville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.8M +28.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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