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    OFF-MARKET
    Commercial real estate

    390 Main St, Chimney Rock, NC 28720

    1,648 SF 0.12 ac lot Built 2001
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US53-3145932
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2001
    Total area 1,648 SF
    Lot 0.12 ac (5,227 SF)
    APN 224762
    UPID US53-3145932
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Salavat Akhmerov · 3 yrs held
    Salavat Akhmerov
    since 2022
    4 recorded transactions
    2022
    2021
    $425,000
    2020
    $519,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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