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218 Main St Hendersonville, NC 28792-5069

OFF-MARKET Office buildings Google Maps
2,560 SF 0.09 ac lot Built 1840
Individually Owned Free & Clear
Estimated value (blended)
$325k
Range $293k – $358k (±10%)
Property ID US53-1134325

Property summary

AI-generated overview

This exceptional 1847 building, the Shepherd-Ripley Building, presents a rare opportunity to acquire a piece of Hendersonville's rich history. Completely restored in 2004 by renowned Biltmore restoration expert David Ross, this property boasts meticulous craftsmanship and modern amenities seamlessly integrated into its historic charm. Located at 218 N Main Street, this office building offers 5 spacious offices, perfect for a variety of professional uses. A large reception area provides a welcoming atmosphere for clients, while a convenient kitchenette caters to staff needs. The building features a dual-zone HVAC system ensuring year-round comfort. Currently enjoying a five-year lease, this investment offers immediate income potential. The property sits on a 0.09-acre lot and includes 14 parking spaces at the rear. This ample parking provides significant potential for expansion, with the possibility of doubling the building's footprint. The asking price for this landmark property is $1,200,000. Don't miss this chance to own a piece of Hendersonville's legacy and secure a prime location in the heart of the city. The building's history, combined with its modern updates and excellent location, makes it an unparalleled investment opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1840
Total area 2,560 SF
Lot 0.09 ac (3,920 SF)
Zoning code 9905648~C-1 / MSH
APN 9568871620
UPID US53-1134325

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
  • Bank Loan Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$735k
Comparable Approach Comparable
$729k
Blend (final) Blend
$325k

Owner & transaction history

since 2026
Last sale
$820,000
1 recorded transaction
2026
$820,000

Zoning & alternative use

9905648~C-1 / MSH · Hendersonville, NC

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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