Property profile & analytics
278 Haywood Rd Asheville, NC 28806-4463
- Retail space
- 16,662 SF
- 0.55 lot acres
OFF-MARKET
Value Estimations
$2,425,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-1741196
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Get banged salon & boutique / Hair Salon
- East West Vintage Rentals and Venue / Interior Design
- Absolute Auto Performance / Auto Repair Shop
- CorieDoesMyHair / Hair Salon / Nail Salon
- Candler's Alignment & Auto Services / Auto Repair Shop
Property Details for 278 Haywood Rd
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.55 lot acres
- Property size
- 16,662 SF
- Zone code
- DEED DATE: 05/19/1994 DEE
- Property type
- Retail space
- APN
- 9638-74-1157-00000
- APU
- 963874115700000
Description
This exceptional commercial property, located at 278 Haywood Road in Asheville, NC, presents a unique investment opportunity. The substantial building boasts a total of 17,500 square feet, situated on a prominent 0.55-acre corner lot. The main level, encompassing 8,755 square feet, enjoys excellent visibility directly on Haywood Road, offering convenient access to the vibrant River Arts District and New Belgium Brewing, with downtown Asheville just minutes away. A full basement, mirroring the upper level's square footage at 8,755 square feet, provides ample space, featuring two garage doors and three restrooms. This lower level has housed successful automotive and lawnmower businesses for over three decades. Currently, the upper level is partially occupied by month-to-month tenants—a venue and a salon—generating a combined monthly rental income of $4,200. The upper level features hardwood floors, while the lower level showcases stained concrete. A fenced rear parking lot offers convenient parking for tenants and customers. The roof was recently replaced in May 2021. A portion of the upper level may be available for lease on a month-to-month basis while the building is on the market. The asking price is firm at $3,200,000. Showings are best conducted during business hours.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,425,000
- AI Estimate
- $2,425,000
Market price range: $2.43M - $4.78MMarket price range: $2.43M - $4.78M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,355,000 Current use
- MEDICAL BUILDING
- $3,760,000 Change: +12% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,565,000 Change: +6% Conversion: Easy
- OFFICE BUILDING
- $3,215,000 Change: -4% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,865,000 Change: -15% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5752
- Latitude
- 35.5773
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,429
$0.00
$0.00
$622,300
-
$341,400
$280,900
$622,300
