Property profile

297 Haywood St Waynesville, NC 28786

OFF-MARKET
Commercial real estate
Property ID
US53-1669268
3,480 SF 0.72 ac lot Built 1953
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 297 Haywood Street, Waynesville, NC, presents a unique investment opportunity. Priced at $2,300,000, this 0.72-acre site offers seven individual units within a building originally constructed as a car dealership and later converted to retail space in the 1980s. The property benefits from a highly visible location in the heart of Waynesville, a thriving mountain town known for its strong community and stunning natural beauty. This translates to significant foot traffic and high visibility, attracting both local residents and the considerable influx of tourists who visit Waynesville year-round. The building's adaptable layout offers potential for a variety of business ventures, making it an ideal investment for entrepreneurs seeking a profitable enterprise in a desirable location. The picturesque mountain setting adds to the property's appeal, creating a unique and attractive environment for businesses and customers alike. This is a rare chance to acquire a well-situated commercial property in a growing mountain town with significant potential for future growth and profitability. The property's history as a car dealership and subsequent conversion to retail space demonstrates its adaptability and resilience within the Waynesville market. This established location offers immediate potential for income generation and long-term capital appreciation.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1953
Total area 3,480 SF
Lot 0.72 ac (31,546 SF)
Zoning code CBD
APN 8615-27-9894
UPID US53-1669268

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
  • Advocacy Group Volunteer Organization
  • Advocacy Group Volunteer Organization

Location

297 Haywood St Waynesville, NC 28786-3747
Waynesville metro Census 920900 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$852k
Blend (final) Blend
$780k

Owner & transaction history

Zoning & alternative use

CBD · Waynesville, NC
Zoning description

Business District (BD) Central Business District (CBD) Hazelwood Business District (H-BD) South Main Street Business District (SM-BD) Waynesville, North Carolina, Code of Ordinances Updated 4-1-25 Page 8 of 280 Regional…

General category CIVIC_INSTITUTIONAL

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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