Property profile

1902 S Main St Waynesville, NC 28786

FOR LEASE
Office Spaces
Property ID
US53-0692025
11,324 SF 1.25 ac lot Built 1989
Entity Owned ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Bakery Discount Store

Location

1902 S Main St Waynesville, NC 28786
Waynesville metro Census 921201 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
$1.81M
Blend (final) Blend
$1.82M

Owner & transaction history

since 2025
Last sale
$2.1M
4 recorded transactions
2025
$2.1M
2018
Price N/A
2009
$965,000
1969
Price N/A

Zoning & alternative use

SM-BD · Waynesville, NC
Zoning description

South Main Street Business District (SM-BD) Waynesville, North Carolina, Code of Ordinances Updated 4-1-25 Page 8 of 280 Regional Center (RC) Dellwood/Junaluska Regional Center (DJ-RC) Hyatt Creek Regional Center (HC-RC)…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.8M +28.6%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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