645 & 647 Haywood Road, Asheville, NC 28806
sale
$750,000
|
Retail
Courtesy Of Commercial Marketplace Inc
Positioned in the heart of Asheville's most sought-after corridor, this 2,250 SF commercial investment opportunity sits along the highly desirable Haywood Road in the vibrant West Asheville. Known for its strong daily traffic counts, pedestrian-friendly design, and eclectic mix of retail, dining, and lifestyle businesses, this location offers unmatched visibility and long-term growth potential. Freshly renovated and upfit in 2024 The property is fully leased with two strong, complementary tenants: Potential New Boyfriend, a popular vinyl and dessert bar concept, and Franny's Farmacy, a well-established boutique CBD/THC retailer featuring a beautifully curated outdoor patio and garden lounge with on-site consumption. Additional highlights include a shared adjoining parking lot, dedicated employee parking at the rear, and a fenced-in outdoor area enhancing tenant and customer experience. Current gross annual income is $54,000 with approximately four years remaining on existing leases plus renewal options and built-in 3% annual rent escalations-providing immediate cash flow with steady upside. Opportunities to acquire stabilized assets in this high-demand Haywood Road corridor are exceptionally rare, making this an ideal long-term hold for investors seeking both security and appreciation in one of Asheville's most dynamic submarkets.
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Property Features
- Age: Over 50 Years Old
- Building Units: 2
- Exterior Type: Block
- Exterior Type: Brick Partial
- Floors: 1
- Legal Description: Deed 6268 page 620
- MLSID: 4375681
- Roof Type: Rubber
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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