4180 Haywood RdMills River, NC 28759

Property Details for 4180 Haywood Rd

Year built

1983

Lot size

1.45 AC

Property size (Sq ft)

9,090 SF

Zone code

10010981~MR-GB

Property type

Auto shops

APN

9631744759

APU

9631744759

Description

This exceptional assemblage presents a unique investment opportunity in the thriving Mills River, North Carolina market. Comprising three strategically located parcels totaling 5.02 acres, this property offers significant potential for redevelopment or expansion. The assemblage includes 4180 Haywood Road, a well-established auto service center on a 1.45-acre lot with a long operational history. An adjacent 2.1-acre parcel (4178 Haywood Road) provides additional land for development, currently featuring an older house and undeveloped space. Completing the assemblage is the highly desirable 1.47-acre corner lot at 4184 Haywood Road, situated at the intersection of Haywood Road and Boylston Highway (NC 191-280), a prime retail location with high visibility and traffic flow. This location benefits from its central position relative to Brevard, Hendersonville, Asheville, and the Asheville Regional Airport, ensuring strong access to a large customer base. The property is zoned MR-GB, offering flexibility for various retail uses. The three buildings were constructed in 1983. APN numbers are 9631744759, 9631745617, and 9631743902. This assemblage is ideal for a national retailer seeking to establish a significant presence in a rapidly growing market with high traffic counts. The asking price is $5,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,698,560

  6.5%

  $2,490,980

  7%

  $2,313,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $778,315

  Geo Method

  $778,315

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,899,590

  Mixed-Use / Specialty

  $2,465,150

  Hospitality / Lodging

  $1,786,530

  Office

  $2,432,850

  Institutional / Educational

  $2,556,700

  Residential Income

  $2,991,340

  Multifamily

  $3,681,620

  Automotive / Energy

  $2,191,460

  Parking / Income-Based Land

  $772,992

  Restaurant / Food Service

  $1,245,970

  Healthcare / Senior Housing

  $2,545,340

Location Insight

City

Mills River

County

Henderson

State

North Carolina

Latitude

35.3868

Longitude

-82.5658

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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