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    Property profile & analytics
    OFF-MARKET Estimated value $2,425,000
    Retail space

    278 Haywood Rd, Asheville, NC 28806-4463

    16,662 SF 0.55 ac lot Built 1965
    Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1741196
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1965
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 16,662 SF
    Lot 0.55 ac (23,958 SF)
    Zoning code DEED DATE: 05/19/1994 DEE
    APN 9638-74-1157-00000
    UPID US53-1741196
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.43M
    Blend (final) Blend
    $2.43M
    Owner & transaction history
    Timothy M Candler · 5 yrs held
    Timothy M Candler
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    DEED DATE: 05/19/1994 DEE · Asheville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $3.8M +12.1%
    Commercial (general) $3.6M +6.2%
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