Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon
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Interior Design
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Auto Repair Shop
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Hair Salon Nail Salon
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
DEED DATE: 05/19/1994 DEE · Asheville, NCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for DEED DATE: 05/19/1994 DEE in Asheville, NC.
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