701 Oriole DrHendersonville, NC 28792

Property Details for 701 Oriole Dr

Year built

1940

Lot size

4.13 AC

Property size (Sq ft)

53,672 SF

Zone code

9938782~I-1

Property type

Industrial properties

APN

9569822477

APU

9569822477

Description

This exceptional 72,785 square foot industrial building presents a unique investment opportunity in Hendersonville, NC. The structure, built of durable masonry, concrete, and steel, offers significant adaptive reuse potential. Situated on a generous 4.13-acre lot, the property boasts light industrial zoning, allowing for a diverse range of commercial and office uses. Its robust construction ensures longevity and resilience, making it an attractive option for long-term investors. The building's spacious layout provides ample room for customization and tenant improvements, catering to a variety of business needs. The strategic location in Hendersonville offers convenient access to major transportation arteries and local amenities, enhancing its appeal to potential tenants and maximizing its market value. This prime location within a thriving area promises strong potential for long-term rental income and capital appreciation. The property's size and versatility make it ideal for a variety of businesses seeking a substantial and well-constructed space in a desirable location. This is a rare opportunity to acquire a substantial industrial property with significant upside potential in a growing market. The combination of size, location, and zoning makes this an exceptional investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $23,939,800

  6.5%

  $22,098,300

  7%

  $20,519,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,070,100

  Geo Method

  $7,070,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $11,181,900

  Mixed-Use / Specialty

  $11,023,800

  Hospitality / Lodging

  $7,933,910

  Office

  $10,835,200

  Institutional / Educational

  $11,418,100

  Residential Income

  $13,359,100

  Multifamily

  $16,677,600

  Automotive / Energy

  $9,786,920

  Parking / Income-Based Land

  $3,494,130

  Restaurant / Food Service

  $5,481,280

  Healthcare / Senior Housing

  $11,425,900

Location Insight

City

Hendersonville

County

Henderson

State

North Carolina

Latitude

35.3287

Longitude

-82.4596

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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