30 Main StSylva, NC 28779

Property Details for 30 Main St

Year built

1967

Lot size

1.46 AC

Property size (Sq ft)

9,840 SF

Zone code

B2 BUSINESS DISTRICT

Property type

Retail space

APN

7641-47-4656

APU

7641474656

Description

This exceptional commercial property, situated at 30 Main Street in Sylva, NC, presents a rare investment opportunity. Boasting a highly visible location at the intersection of East Main Street (Highway 107) and Business 23, this 1.46-acre site benefits from substantial 24/7 traffic flow. The property features a solid masonry building totaling 10,000 square feet, currently available for lease at $10 per square foot NNN. An additional 10,000 square feet of basement space is also available for lease at $5 per square foot NNN. All buildings offer convenient rear delivery entrances. City utilities and excellent signage opportunities are readily available. This property's history includes successful businesses such as a pharmacy, dress shop, and health food store, all of which are available for sale or lease separately. The level lot and prime location make this an ideal investment for a variety of commercial ventures. The asking price for the entire property is $2,500,000. Don't miss this chance to own a landmark Sylva property with exceptional visibility and high traffic counts.

• CAP approach

  CAP return

  Valuation

  6%

  $3,700,569

  6.5%

  $3,415,910

  7%

  $3,171,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,041,520

  Geo Method

  $2,041,520

• Alternative Use

  Use

  Valuation

  Residential

  $2,881,448

  Hospitality

  $2,639,391

  Educational

  $2,195,942

  Medical

  $2,271,464

  Retail

  $3,415,910

Location Insight

City

Sylva

County

Jackson

State

North Carolina

Latitude

35.374

Longitude

-83.2129

CBSA code

19000

CBSA name

CULLOWHEE, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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