$506,500
$699,000
27.5%For more information regarding the value of a property, please contact us for a free consultation.
2.43 Acres Lot
SOLD DATE : 09/19/2022
Key Details
Sold Price $506,500
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 3852446
Sold Date 09/19/22
Year Built 1984
Lot Size 2.430 Acres
Acres 2.43
Property Description
Attention investors! Unique opportunity to own a value-add mixed use (retail/multi-family) property on Charlotte Hwy (US 74). This 2.43 acre site, with city water boasts open use zoning with 3 occupied retail units (well established businesses) and 6 occupied mobile home pads. Tenants are long-term, but on month-to-month leases. Very low maintenance, due to tenant responsibilities. All lease rates are below market and expenses can be decreased significantly with very little capital and effort, so increase in cash flow could be realized within 1-6 mos. 285 feet of road frontage on a thriving commercial section of Charlotte Hwy with a vehicle count of ~19,000+ vehicles per day. This property is a must-see. See drone video attached.
Location
State NC
County Buncombe
Zoning OU
Exterior
Utilities Available Cable Connected
Building
Water City
Structure Type Block, Brick, Frame
New Construction false
Others
Restrictions No Restrictions
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with Jennifer Brunet • Cool Mountain Realty
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