Property profile

1940 Main St Waynesville, NC 28786

OFF-MARKET
Warehouses
Property ID
US53-1417762
9,920 SF 1.58 ac lot Built 1951
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional offering presents a rare opportunity to acquire two established and highly successful commercial businesses in the desirable Haywood County, North Carolina. The properties are strategically located to capitalize on significant tourism within the Blue Ridge Parkway and Great Smoky Mountains National Park area. The Waynesville location, situated at 1940 S Main Street, boasts a dynamic and engaging atmosphere. This venue offers a diverse range of entertainment options including a full-service bar, extensive menu, multiple beer taps, axe throwing, a full arcade, cornhole, and pickleball. Furthermore, there's significant potential for expansion with approximately 7,000 square feet of unused space. The second location, at 4352 Soco Road in Maggie Valley, complements the Waynesville property with its own thriving full bar, brewery, and expanded dining experience. Recent upgrades include a modernized interior, updated fixtures, and state-of-the-art kitchen equipment. A key advantage is the ample parking available, with over 130 spaces collectively serving both locations. This combined offering presents a unique investment opportunity with substantial potential for growth and profitability in a stunning mountain setting. The properties are listed collectively, offering a cohesive and synergistic business model, but are also available for separate purchase for added flexibility. The 2.58-acre lot in Waynesville provides ample space for future development.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1951
Total area 9,920 SF
Lot 1.58 ac (68,912 SF)
Zoning code SM-BD
APN 8604-79-4159
UPID US53-1417762

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
  • Golf Course
  • Bar & Pub Restaurant

Location

1940 Main St Waynesville, NC 28786-6790
Waynesville metro Census 921201 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2026
6 recorded transactions
2026
Price N/A
2026
$1.7M
2021
$512,500
2021
$102,500
2017
Price N/A
2012
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

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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