115 Elk Mountain Rd - Showroom FOR SALE


Asheville, NC 28804- Woodfin
$825,000 USD
919-360-8520
115 Elk Mountain Rd, Asheville, NC for Sale
$825,000 USD
Showroom - FOR SALE
1/68
null | Request Cap Rate

115 Elk Mountain Rd
Asheville, NC 28804
Woodfin


HIGHLIGHTS

  • Natural Light, Lots of foot traffic.
  • Showroom space on main floor with condos above.

OVERVIEW

The P&L statement is from 2023. The numbers are consistent with those from 2024. The sellers raised the rent by $50 per month per unit for 2025 for the three leased units. The understanding is that the tenants will be allowed to stay through the end of August under those terms and will then be considered month-to-month tenants. Seller financing is available with a $275,000 down payment. Seller/Owner to hold the note on the balance of the gross purchase price. Five year loan term at 5.00% interest with a balloon payment. Monthly P&I payments calculated on a 30 year amortization schedule. The sellers are also offering 3% toward the buyer's agency fee with an acceptable offer.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.45

LAND SF

19,602

ZONING

CWO-CS

APN/PARCEL ID

9730-54-0701-00000

ASK ABOUT THIS PROPERTY

Chris CareyMackey RealtyMore Info
919-360-8520

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Chris CareyMackey RealtyMore Info
919-360-8520

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.