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Property profile & analytics
OFF-MARKET Estimated value $2,215,000
Breweries

876 Brevard Rd Asheville, NC 28806-2206

11,050 SF 1.12 ac lot Built 1990
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US53-1314770
Property summary
AI-generated overview

This exceptional 5,000-square-foot retail space is ideally situated at 876 Brevard Road in Asheville, North Carolina, within Buncombe County. Built in 1990, this single-tenant property offers a significant opportunity for businesses seeking a prominent presence in a thriving market. The entire 5,000 square feet is currently vacant, presenting a blank canvas for a new tenant to customize and develop to their specific needs. The property's classification as a commercial strip center suggests excellent visibility and accessibility from Brevard Road, a key thoroughfare in Asheville. Its location in Asheville, NC, zip code 28806, places it within a dynamic and growing urban area known for its vibrant economy and diverse population. The property's single-tenant occupancy simplifies management and provides a cohesive brand presence. This is a rare opportunity to acquire a substantial retail space in a desirable location, offering significant potential for growth and return on investment. The property's size and location make it suitable for a wide range of retail businesses, from restaurants and boutiques to service providers and specialty stores. Interested parties are encouraged to explore the possibilities this prime Asheville retail space offers. The property is ready for immediate occupancy.

Property profile
Verified
Property type Breweries
Use group DISTILLERY, BREWERY, BOTTLING
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,050 SF
Lot 1.12 ac (48,787 SF)
Zoning code DEED DATE: 2023-02-17 DEE
APN 9626-76-3780-00000
UPID US53-1314770
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
by Request
Comparable Approach Comparable
$2.49M
Blend (final) Blend
$2.22M
Owner & transaction history
Pulliam Hendrsonville Road LLC · 3 yrs held
Pulliam Hendrsonville Road LLC
since 2023
Last sale
$2.2M
6 recorded transactions
2023
$2.2M
2011
$1.0M
2008
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DEED DATE: 2023-02-17 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.8M +58.5%
Medical building $2.5M +39.6%
Commercial (general) $2.4M +32.3%
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