713 Ray Ave Hendersonville, NC 28792
- Industrial properties
- 6,300 SF
- 0.47 lot acres
Current Use by Public Records
- Strong Hand Fitness / Gym
- Hendersonville Personal Training / Personal Trainer
- Born Bold Tattoo Co. / Tattoo Shop
- Resurgence Physical Therapy-Hendersonville / Physical Therapist
- Counterculture Coaching / Personal Trainer / Service Establishment
Property Details for 713 Ray Ave
- Year built
- 2009
- Lot size
- 0.47 lot acres
- Property size
- 6,300 SF
- Zone code
- 9902834~I-1
- Property type
- Industrial properties
- APN
- 9569820270
- APU
- 9569820270
Description
This exceptional investment opportunity presents a Class B industrial property located at 713 Ray Ave, Hendersonville, NC 28792. The 6,300 square foot building, constructed in 2009, sits on a 0.47-acre lot and boasts a desirable I-1 zoning classification. The property features a well-appointed 1,200 square foot office/retail space, perfect for a variety of uses, seamlessly connected to a spacious 5,100 square foot warehouse area. High ceilings and heavy 3-phase power provide ample capacity for diverse business operations. Two large roll-up doors, one at the front and one on the side, ensure efficient loading and unloading. Ample parking is provided with 26 spaces on-site. The property currently generates an annual scheduled income of $50,000 and a gross operating income of $50,000. This property is less than a mile from downtown Hendersonville, offering excellent accessibility and visibility. The APN is 9569820270. Please note that there is an active tenant, and disturbing the tenant is not permitted. This is a rare opportunity to acquire a well-maintained, income-producing warehouse in a prime Hendersonville location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $640,000
- 6.5%
- $590,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $459,000
Market price range: $168k - $534k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $775,000 Current use
- RETAIL STORES
- $925,000 Change: +19% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $835,000 Change: +7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Hendersonville
- County
- Henderson
- State
- North Carolina
- Longitude
- -82.4602
- Latitude
- 35.3279
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA