9 Fallen Spruce Dr - Retail FOR SALE


Asheville, NC 28806- West Asheville
$1,750,000 USD
828-575-0272
9 Fallen Spruce Dr, Asheville, NC for Sale
$1,750,000 USD
Retail - FOR SALE
1/17
null | 5.8% Cap Rate

9 Fallen Spruce Dr
Asheville, NC 28806
West Asheville


HIGHLIGHTS

  • Six-unit neighborhood retail center in a highly accessible northwest Asheville location
  • Stable in-place income with long-term tenants and NNN lease structure
  • One available vacancy provides immediate value-add and lease-up opportunity
  • Conveniently located just off New Leicester Highway amid strong residential and commercial growth
  • Attractive investment opportunity with existing cash flow and future upside potential
  • Contact the Listing Broker for financials and showings (please do not disturb tenants)

OVERVIEW

Six-unit well-maintained neighborhood center in a highly accessible north-west Asheville location. Long-term tenants in place, with one current vacancy, offering immediate value-add potential and stable cash flow. All tenants are operating under NNN leases. Conveniently located just off New Leicester Highway. Surrounded by a strong mix of residential and commercial development, nearby businesses, and numerous service-oriented retailers and professional offices that support the area's growing population. This is an excellent opportunity for investors seeking a multi-tenant asset with in-place income and upside through lease-up of the remaining vacancy. Please see the brochure for further financial information. Please do not disturb tenants - contact the listing broker for showings.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

CS

APN/PARCEL ID

9629-07-1748-00000

ASK ABOUT THIS PROPERTY

Carla BarnardLikewise Commercial Real EstateMore Info
828-575-0272

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Carla BarnardLikewise Commercial Real EstateMore Info
828-575-0272

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