Property profile

90 Main St Waynesville, NC 28786

OFF-MARKET
Retail space
Property ID
US53-0836371
2,575 SF 0.09 ac lot Built 1930
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a captivating three-story storefront building situated at 90 N Main St, Waynesville, NC 28786. Boasting a total of 5,200 square feet, this property offers a unique blend of historical charm and modern functionality. Currently housing two well-established tenants, one facing Main Street and another on the lower level facing Wall Street, this building provides immediate income potential. The building's strategic location within Waynesville's Central Business District ensures high visibility and foot traffic. Constructed in 1930, the building sits on a 0.09-acre lot (APN 8615-37-4470) and is zoned C-1. Adding to its appeal, the third floor has undergone recent permitted updates, transforming it into a one-bedroom apartment complete with updated electrical, plumbing, and structural elements. This apartment offers stunning views of Main Street, providing additional rental income or owner occupancy potential. The asking price is $1,325,000, translating to $254.81 per square foot. This property represents a rare chance to acquire a piece of Waynesville's rich history and capitalize on a thriving commercial market. Don't miss this chance to own a piece of Waynesville's vibrant downtown.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Total area 2,575 SF
Lot 0.09 ac (3,964 SF)
Zoning code CBD
APN 8615-37-4470
UPID US53-0836371

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop

Location

90 Main St Waynesville, NC 28786-3889
Waynesville metro Census 921000 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2021
$400,000

Zoning & alternative use

CBD · Waynesville, NC
Zoning description

Business District (BD) Central Business District (CBD) Hazelwood Business District (H-BD) South Main Street Business District (SM-BD) Waynesville, North Carolina, Code of Ordinances Updated 4-1-25 Page 8 of 280 Regional…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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