1456 Dellwood RdWaynesville, NC 28786

Property Details for 1456 Dellwood Rd

Year built

1979

Lot size

0.15 AC

Property size (Sq ft)

880 SF

Property type

Office properties

APN

8617-30-2305

APU

8617302305

Description

This exceptional 0.15-acre commercial property, located at 1456 Dellwood Road in Waynesville, North Carolina, presents a unique investment opportunity. Boasting 1,760 square feet of land, this lot enjoys a prime location on one of Haywood County's busiest roads, with over 25,000 vehicles passing daily, according to the North American Roadway Partnership (NARP). Its strategic position near the intersection of Russ Avenue and Dellwood Road ensures high visibility and accessibility. Ample parking is available, making it ideal for a variety of commercial ventures. The property's versatility allows for numerous uses, from establishing a primary residence with an integrated business to exploring short-term rental options like Airbnbs. The possibilities are extensive, making this a compelling prospect for investors seeking a high-traffic location with significant potential. The property is zoned for commercial use and is situated in the 28786 zip code. This is a rare chance to acquire a well-positioned commercial lot in a thriving area of Waynesville. The asking price is $335,000.

• CAP approach

  CAP return

  Valuation

  6%

  $225,133

  6.5%

  $207,815

  7%

  $192,971

• Comparable approach

  Method

  Valuation

  Relative Method

  $72,450

  Geo Method

  $72,450

• Alternative Use

  Use

  Valuation

  Residential

  $257,690

  Hospitality

  $236,043

  Educational

  $196,385

  Medical

  $203,139

  Retail

  $305,488

Location Insight

City

Waynesville

County

Haywood

State

North Carolina

Latitude

35.5264

Longitude

-82.9899

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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