8 Beverly Road Asheville, NC $ 2,050,000
8 Beverly Road
$ 2,050,000
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8 Beverly Road

Asheville, NC, 28805
$ 2,050,000
Baths0.0 Sq 10,851

Monthly Estimate*

$ 14,320

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Studio

Commercial Property for sale in Asheville, NC

for $2,050,000. This 10,851 square foot building was built in 2003 on a lot size of 2.22.

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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Commercial Active

Price

$ 2,050,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail Center

Lot Size

2.22

Year Built

2003

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4044558

Features
General
Sewer Public Sewer
Heating Central Forced Air Heat Pump Natural Gas
Cooling Heat Pump
Utilities Gas
Roof Built-Up Composition Rubber Wood
Zoning CB1
Construction Materials Fiber Cement Hard Stucco Stone
Year Built 2003
Property SubType Retail Center
County Buncombe
Net Operating Income 129348
New Construction N
Property Type Commercial Sale
Possible Use Commercial
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 r
City Asheville
Street Name Beverly
Standard Status Active
Construction Type Site Built
Restrictions No Restrictions
Tax Assessed Value 1083100
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Interior
Flooring Laminate Vinyl Wood
Street Suffix Road
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Exterior
Parking Features Parking Lot
Lot Features Level
Water Source City
Total Parking 80
Inclusions Fixtures Land
Lot Size Area 2.22
Foundation Details Crawl Space
Building Area Total 10851
Road Surface Type Paved
Other Parking more parking spaces can be added on the big parking lot on the right
Lot Size Units Acres
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
Road Frontage 450
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Internal Only
Street Number 1 8
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* Excluded Features
List By
Buncombe Realty

Broker

Affordability Calculator

$14,320
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,320
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/15/2024$2,050,000 -2.38% Price Down
6/28/2023$2,100,000 Listed Price

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8 Beverly Road, Asheville, NC, 28805 is a Commercial Property for sale at $2,050,000 with 10,851 sqft and a lot size of 2.22. 8 Beverly Road is a studio with 0.0 baths and was built in 2003. The property's zip code is 28805 which is in Asheville, NC