40 Eagles Nest Rd Waynesville, NC 28786

Property Details for 40 Eagles Nest Rd

Year built

1984

Lot size

1.42 lot acres

Property size

736 SF

Zone code

H-TC

Property type

Outlet malls

APN

8605-74-2666

APU

8605742666

Description

This exceptional investment opportunity presents a thriving commercial storage facility situated on a 1.42-acre corner lot in Waynesville, NC, conveniently located off Highway 23/74. The property currently houses 18 climate-controlled storage units of varying sizes, supported by ample parking with 30 spaces. Boasting a remarkable 99% occupancy rate, this facility demonstrates strong, consistent income generation. Current rental rates are below market value, presenting a significant opportunity for immediate profit enhancement through rental rate adjustments. The property's prime location in a rapidly growing area ensures high demand for storage solutions. Further expansion potential is significant, with room for approximately 50 additional ground-level units and the possibility of vertical expansion to increase capacity even further. Owner financing or long-term lease options may be available. This turnkey operation offers a compelling investment prospect for those seeking a high-return, low-vacancy commercial venture in a thriving market. The property's strong performance and expansion potential make it an ideal acquisition for savvy investors seeking immediate income and long-term growth. The current success of the facility, coupled with the potential for increased revenue and unit expansion, positions this property for continued profitability and significant return on investment.

Location Insight

City

Waynesville

County

Haywood

State

North Carolina

Longitude

-83.0079

Latitude

35.4828

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments