1896 Main StWaynesville, NC 28786

Property Details for 1896 Main St

Year built

1989

Lot size

1.25 AC

Property size (Sq ft)

11,324 SF

Zone code

SM-BD

Property type

Office properties

APN

8604-79-6460

APU

8604796460

Description

This exceptional 1.25-acre commercial property located at 1896 S Main Street, Waynesville, NC, presents a compelling investment opportunity. Priced at $2,395,000, the well-maintained office building boasts a desirable location at the burgeoning commercial end of Waynesville, offering convenient access to the Smoky Mountain Expressway (NC 74). The property benefits from minimal management requirements, thanks to a mix of tenants, including some national brands. Ample parking is available for tenants and visitors, enhancing the property's appeal. The building's strong tenant base contributes to a stable income stream, and the strategic location within a growing commercial area suggests significant potential for future appreciation. Detailed financial information, including the rent roll and operating expenses, is available upon request to qualified buyers. This presents a rare chance to acquire a well-positioned, low-maintenance commercial property with a proven track record and substantial upside potential in a thriving market. Don't miss this opportunity to secure a valuable asset in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,897,050

  6.5%

  $2,674,200

  7%

  $2,483,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $932,305

  Geo Method

  $932,305

• Alternative Use

  Use

  Valuation

  Residential

  $3,316,008

  Hospitality

  $3,037,445

  Educational

  $2,527,119

  Medical

  $2,614,030

  Retail

  $3,931,074

Location Insight

City

Waynesville

County

Haywood

State

North Carolina

Latitude

35.4682

Longitude

-83.0056

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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