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8 Beverly Road

Asheville, NC 28805
  • $2,050,000
  • STATUS: Active
  • ON SITE: 349 Days
  • ID#: 4044558
UPDATED: 136 min ago
$2,050,000
  • 0
    BEDS
  • 2.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2003
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Buncombe Realty: 828-301-2021. Copyright 2024 Canopy MLS. All rights reserved.

Description

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.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2024-06-12T12:33:39.453 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither KPA Real Estate Group | Premier South nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

Some IDX listings have been excluded from this website.

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8 Beverly Road Asheville, NC 28805

  • Price: $2,050,000
  • Status: Active
  • On Site: 349 Days
  • Updated: 136 min ago
  • ID#: 4044558
0
Beds
0
Baths
0
½ Baths
2.22
Acres
2003
Built
County:
Buncombe
Area:
Asheville
Property Description
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.
Exterior Features

Carport YN No Construction Materials Fiber CementHard StuccoStone Construction Type Site Built Foundation Details Crawl Space Lot Features Level Other Parking more parking spaces can be added on the big parking lot on the right Parking Features Parking Lot Parking Total 80 Road Frontage 450 Road Frontage Type City Street Road Responsibility Publicly Maintained Road Road Surface Type Paved Roof Built-UpCompositionRubberWood

Interior Features

Basement YN No Building Area Total 10851 Cooling Heat Pump Flooring LaminateVinylWood Heating CentralForced AirHeat PumpNatural Gas

Property Features

CCRSubject To No City Taxes Paid To Asheville Commercial Location Description Shopping Center Construction Status Completed Flood Plain No Hoa Subject To None Inclusions FixturesLand Inside City YN Yes Lease Considered YN No Listing Terms CashConventionalOwner Financing New Construction YN No Possible Use Commercial Property Sub Type Retail Center Rail Service Yes Restrictions No Restrictions Restrictions Description no Senior Community YN No Sewer Public Sewer Special Listing Conditions None Utilities Gas Water Source City Zoning CB1



MLS Grid logo Based on information submitted to the MLS GRID as of 2024-06-12T12:33:39.453 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither KPA Real Estate Group | Premier South nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
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KPA Real Estate Group | Premier South
16405 Northcross Drive, Ste. G-1
Huntersville NC, 28078
Canopy MLS logo Offered by Buncombe Realty: 828-301-2021. Copyright 2024 Canopy MLS. All rights reserved.