163 Depot StWaynesville, NC 28786

Property Details for 163 Depot St

Year built

1960

Lot size

0.14 AC

Property size (Sq ft)

1,034 SF

Zone code

CBD

Property type

Retail space

APN

8615-28-7390

APU

8615287390

Description

This exceptional Waynesville, NC retail property offers two beautifully maintained buildings totaling 1,500 square feet on a 0.23-acre lot, just one block from Main Street. Currently configured as a tattoo parlor and a hair and nail salon, these buildings present a unique investment opportunity. The tattoo parlor building is versatile and adaptable to a wide range of businesses, offering a ready-made space for immediate occupancy. The former hair and nail salon boasts a serene and well-designed interior, perfect for businesses in the beauty and wellness sector. The tranquil atmosphere and established layout provide a significant advantage for a seamless transition. Both buildings benefit from their central location, ensuring high visibility and foot traffic, contributing to a strong potential for success. The asking price for this combined property is $924,000. This is a rare chance to acquire two established businesses in a thriving downtown area, offering immediate income potential and significant long-term growth prospects. The properties are ready for immediate occupancy, allowing for a quick start to your business ventures. Don't miss this opportunity to own a piece of Waynesville's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $388,861

  6.5%

  $358,948

  7%

  $333,309

• Comparable approach

  Method

  Valuation

  Relative Method

  $214,526

  Geo Method

  $214,526

• Alternative Use

  Use

  Valuation

  Residential

  $302,786

  Hospitality

  $277,351

  Educational

  $230,752

  Medical

  $238,688

  Retail

  $358,948

Location Insight

City

Waynesville

County

Haywood

State

North Carolina

Latitude

35.4932

Longitude

-82.9896

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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