218 Main StHendersonville, NC 28792

Property Details for 218 Main St

Year built

1840

Lot size

0.09 AC

Property size (Sq ft)

2,560 SF

Zone code

9905648~C-1 / MSH

Property type

Office buildings

APN

9568871620

APU

9568871620

Description

This exceptional 1847 building, the Shepherd-Ripley Building, presents a rare opportunity to acquire a piece of Hendersonville's rich history. Completely restored in 2004 by renowned Biltmore restoration expert David Ross, this property boasts meticulous craftsmanship and modern amenities seamlessly integrated into its historic charm. Located at 218 N Main Street, this office building offers 5 spacious offices, perfect for a variety of professional uses. A large reception area provides a welcoming atmosphere for clients, while a convenient kitchenette caters to staff needs. The building features a dual-zone HVAC system ensuring year-round comfort. Currently enjoying a five-year lease, this investment offers immediate income potential. The property sits on a 0.09-acre lot and includes 14 parking spaces at the rear. This ample parking provides significant potential for expansion, with the possibility of doubling the building's footprint. The asking price for this landmark property is $1,200,000. Don't miss this chance to own a piece of Hendersonville's legacy and secure a prime location in the heart of the city. The building's history, combined with its modern updates and excellent location, makes it an unparalleled investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $559,875

  6.5%

  $516,807

  7%

  $479,893

• Comparable approach

  Method

  Valuation

  Relative Method

  $210,765

  Geo Method

  $210,765

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,054,020

  Retail / Commercial

  $533,344

  Mixed-Use / Specialty

  $525,804

  Hospitality / Lodging

  $378,425

  Institutional / Educational

  $544,609

  Residential Income

  $637,192

  Multifamily

  $795,472

  Automotive / Energy

  $466,808

  Parking / Income-Based Land

  $166,660

  Restaurant / Food Service

  $261,441

  Healthcare / Senior Housing

  $544,984

Location Insight

City

Hendersonville

County

Henderson

State

North Carolina

Latitude

35.3153

Longitude

-82.4596

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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