390 Main St, Chimney Rock, NC 28720
This exceptional 6,200 square foot retail property, located at 390 Main St in Chimney Rock, NC, presents a prime redevelopment opportunity. The three-story building, constructed in 2001, sits on a 0.12-acre lot (APN 224762) and is zoned TB. Currently vacant, the property was formerly a restaurant and offers versatile potential for various uses, including a food hall, brewery, or retail mall. Its prime downtown location, just 200 feet from the state park entrance, provides exceptional visibility and foot traffic. Enjoy stunning views from the building's balcony overlooking Main Street. The 2023 AADT is estimated at 3700 vehicles. All existing fixtures, furniture, and equipment (FF&E) are included in the sale price of $787,500. The property is being sold "as is," with no repairs to be made by the seller. This is a unique chance to acquire a substantial building in a thriving location with significant redevelopment potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.