980 Upward Rd Flat Rock, NC 28731-6767
- Industrial properties
- 28,840 SF
- 6.26 lot acres
Current Use by Public Records
- Asheville Provison Boarhead Mt / Meat Wholesaler
- Asheville Packing Co / Wholesale Food Store / Cold Storage Facility
- Pinecrest Foods / Wholesaler
- Spearman Frozen & Dry Storage / Cold Storage Facility
Property Details for 980 Upward Rd
- Year built
- 2004
- Lot size
- 6.26 lot acres
- Property size
- 28,840 SF
- Zone code
- 9973830~CC
- Property type
- Industrial properties
- APN
- 9587896775
- APU
- 9587896775
Description
This exceptional multi-tenant industrial facility in Henderson County offers 29,865 square feet of space, with 11,096 square feet currently vacant. The property features five suites, with a minimum divisible space of 500 square feet and a maximum contiguous space of 5,000 square feet currently available. The warehouse boasts high ceilings ranging from 20 to 24 feet, and includes six drive-in doors for convenient access. The existing tenants include well-known food distributors. An adjoining office space is available, offering approximately 5,000 square feet of unconditioned warehouse area, accessible via common corridors. This area is not currently demised. A significant advantage is the availability of dedicated cold storage space and a USDA-certified food preparation area, leasable long-term or on a contract basis. Facility management provides scalable cold storage (refrigerated and freezer) options by the pallet on a monthly basis. The warehouse features existing racking. The on-site office space includes a reception area, break/conference room, private offices, and multi-occupant restrooms. The property enjoys convenient access to I-26, making it an ideal location for businesses needing efficient transportation links. Additional dry storage and unconditioned office space are also available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,035,000
- 6.5%
- $2,055,000
- 7%
- $2,010,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,130,000
- Geo Method
- $1,770,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,235,000
- Retail
- $1,785,000
- Mixed-Use
- $1,790,000
- Hospitality
- $2,055,000
- Educational
- $2,020,000
- Residential Income
- $1,935,000
- Energy
- $1,860,000
- Income-Based Land
- $2,295,000
- Food Service
- $2,275,000
Location Insight
- Map
- Local Demand
- City
- Flat Rock
- County
- Henderson
- State
- North Carolina
- Longitude
- -82.3899
- Latitude
- 35.2955
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
