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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 6.9% last updated on 2024-02-22

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8 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 288058 Beverly Road Asheville NC 28805
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  • 10,851Square Feet
  • 2.22Acreage
  • 2003Year Built
  • ActiveMLS Status
Great location very near Asheville Mall. A business/community center, Haw Creek' little town with rich long history and culture as fondly storied in Asheville Citizen-Time (4/14/2002), this big property with 2.22 acres is home to a well established and liked restaurant, coffee shop, childcare center, and beer and wine shop. Very few businesses in Asheville have so much community feel, parking AND play spaces etc. Right across its big parking lot is a city park - Haw Creek Park. Very reliable cash cow and equity buildup year after year. Total net rent income is $129,348/yr, which translates to a ~$2.15 million property price based on the commonly used 6% CAP rate. It would be about $2.6 million based on building square footage (10,851 SF x $240/SF = $2.6 m) or comparable sales. In addition, one may wish to build some offices, apartments on the back portion of the big parking lot in the future and add more value.
Listed by Kevin Wei of Buncombe Realty (wKevinWei@gmail.com)

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More Info

Basic Information

  • ForeclosureN
  • List Price$2,100,000
  • MLS NumberCAR4044558
  • MLS StatusActive
  • Property SubTypeRETAIL CENTER

Interior

  • Flooring Laminate, Vinyl, Wood

Exterior

  • Roof Built-Up, Composition, Rubber, Wood

Utilities

  • Cooling Heat Pump
  • Heating Central, Forced Air, Heat Pump, Natural Gas
  • Sewer Public Sewer
  • Utilities Gas

Tax Information

  • Taxes$1,083,100

Building

  • Foundation Details Crawl Space
  • Square Feet10,851
  • Year Built2003

Property

  • Acreage2.22
  • Parking Spaces80
  • Water Source City
  • ZoningCB1

Property Information

  • Construction Materials Fiber Cement, Hard Stucco, Stone
  • Inclusions Fixtures, Land
  • Net Operating Income $129,348

Location

  • Building Number8
  • CountyBuncombe
  • Cross Street New Haw Creek
  • Directions From downtown Asheville or Asheville Mall, take Tunnel Rd going east, cross I240 and turn left on the first street on left and immediately right on New Haw Creek Rd, on the second street on right, turn right on Beverly Rd, property is first on left. There are plenty of parking spaces in its big parking lot 120' ahead on left .
  • StateNC
  • StreetBeverly Road
  • Zip28805

Other

  • View Count41

Your Local Office

WNC Mountain Realty
23 Songbird Lane
Weaverville NC, 28787

Office: 828-231-3117

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