250 Highlands Square DrHendersonville, NC 28792

Property Details for 250 Highlands Square Dr

Year built

2001

Lot size

29.32 AC

Property size (Sq ft)

223,395 SF

Zone code

9968634~PCD

Property type

Retail space

APN

9579590614

APU

9579590614

Description

Highlands Square, a 78,211 square foot community center in Hendersonville, North Carolina, offers a prime retail opportunity. Located at 250 Highlands Square Drive, this 2001-built center boasts 448 parking spaces and enjoys a high-traffic location at the intersection of Chimney Rock Road (Highway 64) and Highlands Square Drive, with an average daily traffic count of 38,000 vehicles. Its convenient proximity to I-26 (Exit 49-A), Apple Valley Middle School, and North Henderson High School ensures strong visibility and accessibility. The center is shadow-anchored by a Walmart Supercenter and features a diverse mix of national tenants including Staples, Cato, Sally Beauty Supply, Great Clips, Petco, Affordable Dentures, and Dollar Tree. Several popular restaurants, such as Jack in the Box, Chick-fil-A, O'Charley's, Zaxby's, and Sam's Gas, are situated on adjacent outparcels, further enhancing the area's appeal. Currently, one retail space of 4,799 square feet is available. The property is situated in Henderson County, North Carolina, with a zip code of 28792.

• CAP approach

  CAP return

  Valuation

  6%

  $63,370,036

  6.5%

  $58,495,420

  7%

  $54,317,176

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,348,120

  Geo Method

  $46,348,120

• Alternative Use

  Use

  Valuation

  Residential

  $49,343,076

  Hospitality

  $45,197,992

  Educational

  $37,604,196

  Medical

  $38,897,464

  Retail

  $58,495,420

Location Insight

City

Hendersonville

County

Henderson

State

North Carolina

Latitude

35.3488

Longitude

-82.4377

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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