1235 Asheville HwyHendersonville, NC 28791

Property Details for 1235 Asheville Hwy

Year built

1959

Lot size

0.96 AC

Property size (Sq ft)

10,400 SF

Zone code

106672~C-3

Property type

Auto shops

APN

9569612451

APU

9569612451

Description

This exceptional investment opportunity presents a 10,200 square foot auto shop situated on a 0.96-acre lot in Hendersonville, North Carolina. Located at 1235 Asheville Hwy, this property boasts a prime location at the west gateway to downtown Hendersonville. Built in 1959, the property consists of two single-story buildings and is zoned C-3, offering versatile usage potential. Currently vacant, the property is offered "as is," presenting a unique chance for rehabilitation, conversion, demolition, or ground lease. The asking price is $1,300,000, translating to $127.45 per square foot. The property's APN is 106672. This presents a strong opportunity for a national credit tenant or a variety of auto service, retail, or business service users. The seller is open to discussions regarding a 1031 Tax Deferred Exchange. Prospective buyers are required to conduct their own due diligence. Pre-qualification is necessary for property access. This is a truly unique opportunity to acquire a strategically located property with significant upside potential in a thriving North Carolina market. The property's address is 1235 Asheville Hwy, Hendersonville, NC 28791.

• CAP approach

  CAP return

  Valuation

  6%

  $2,950,149

  6.5%

  $2,723,215

  7%

  $2,528,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,157,705

  Geo Method

  $2,157,705

• Alternative Use

  Use

  Valuation

  Residential

  $2,297,134

  Hospitality

  $2,104,162

  Educational

  $1,750,638

  Medical

  $1,810,845

  Retail

  $2,723,215

Location Insight

City

Hendersonville

County

Henderson

State

North Carolina

Latitude

35.3256

Longitude

-82.4663

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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