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    OFF-MARKET
    Specialty properties

    900 Chapel Rd, Asheville, NC 28803-2844

    9,000 SF 0.27 ac lot Built 1996
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US53-1647989
    Property summary
    AI-generated overview

    This exceptional 9,000-square-foot commercial property, situated at 900 West Chapel Road in Asheville, NC, presents a unique investment opportunity. Ideally located just off Hendersonville Road, this building boasts a highly desirable Highway Business zoning designation. The spacious layout is divided equally between two 4,500-square-foot floors, offering significant flexibility for a variety of uses. A key advantage is the walkout lower level, providing convenient drive-around access for loading and unloading, ideal for businesses requiring efficient logistics. The interior is a blank canvas, ready for customization to suit the needs of retail, office, commercial assembly, or light manufacturing tenants. While parking is limited to four spaces in front and additional spaces along the building's side, the strategic location and zoning more than compensate. Constructed of durable steel and concrete, the building possesses a robust structural foundation capable of supporting heavy equipment. The 0.27-acre lot provides ample space for the building and potential future expansion. This property offers a compelling blend of location, versatility, and structural integrity, making it an attractive proposition for discerning investors and businesses seeking a prominent Asheville presence. The asking price is $1,850,000.

    Property profile
    Verified
    Property type Specialty properties
    Use group VETERINARY, ANIMAL HOSPITAL
    Year built 1996
    Construction STEEL FRAME
    Total area 9,000 SF
    Lot 0.27 ac (11,761 SF)
    Zoning code DEED DATE:07/12/2016 DEED
    APN 9647-83-8485-00000
    UPID US53-1647989
    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
    Current use
    Occupant on record · Public records
    • urban dog retreat Kennel & Boarding Facility
    • Platinum Pet Hotels Kennel & Boarding Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Pet Hotels LLC · 4 yrs held
    Pet Hotels LLC
    since 2021
    7 recorded transactions
    2021
    2019
    2016
    $500,000
    2015
    $500,000
    2008
    2006
    $519,000
    1969
    Zoning & alternative use
    DEED DATE:07/12/2016 DEED · Asheville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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