Property summary
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
VerifiedCap rate & NOI
Current use
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CBD · Waynesville, NCBusiness 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD in Waynesville, NC.
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