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51 Sweeten Creek Road

Asheville, NC 28803
  • $975,000
  • STATUS: Active
  • ON SITE: 76 Days
  • ID#: 3788837
UPDATED: 132 min ago
$975,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,793
    SQFT
  • $257
    $/SQFT
Type:
Commercial
Built:
1944
County:
Area:

School Ratings & Info

Offered by Nai Beverly-Hanks. Copyright 2021 Canopy MLS. All rights reserved.

Description

A fantastic investment opportunity right in the heart of the quickly growing Northern section of Sweeten Creek Rd. A very short distance from Biltmore Village, this area has seen many adaptive reuse projects taking place including this property. Secure tenant on a Net lease in place with a unique concept definitively Asheville. The front half of the building the tenant operates as a Yoga Studio while the rear portion is an off leash dog friendly bar with a roll up door and outdoor seating and play area. The tenant is currently on a three year lease with two options to renew at three years each and 2.5% rent increases each year. The current Net lease places this at a 7% cap. Significant renovations and buildout took place on the building in 2020. Contact listing broker for all showings, do not disturb tenant.

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Based on information submitted to the MLS GRID as of 2021-12-08T21:33:03.387 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 The Mitchell Team | Keller Williams South Park 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. © 2021 Canopy MLS.

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51 Sweeten Creek Road Asheville, NC 28803

  • Price: $975,000
  • Status: Active
  • On Site: 76 Days
  • Updated: 132 min ago
  • ID#: 3788837
0
Beds
0
Baths
0
½ Baths
0.27
Acres
3,793
SQFT
$257
$/SQFT
1944
Built
County:
Buncombe
Area:
Asheville
Property Description
A fantastic investment opportunity right in the heart of the quickly growing Northern section of Sweeten Creek Rd. A very short distance from Biltmore Village, this area has seen many adaptive reuse projects taking place including this property. Secure tenant on a Net lease in place with a unique concept definitively Asheville. The front half of the building the tenant operates as a Yoga Studio while the rear portion is an off leash dog friendly bar with a roll up door and outdoor seating and play area. The tenant is currently on a three year lease with two options to renew at three years each and 2.5% rent increases each year. The current Net lease places this at a 7% cap. Significant renovations and buildout took place on the building in 2020. Contact listing broker for all showings, do not disturb tenant.
Exterior Features

Construction Type Site Built Road Frontage Type City Street Road Responsibility Public Maintained Road Structure Type Business

Interior Features

Building Area Total 3793

Property Features

Accessibility Features 2 Or More Access ExitsEntry Slope Less Than 1 FootHandicap ParkingMobility Friendly FlooringNo Interior Steps CCRSubject To No Documents BrochureFloor PlanInvestment AnalysisSurvey Elevation 2000 Flood Plain Yes Hoa Subject To None Inclusions BuildingLand Inside City YN Yes Listing Agreement Exclusive Right To Sell Listing Terms CashConventional New Construction YN No Number Of Drive In Doors Total 1 Possible Use Commercial Property Sub Type Commercial Property Sub Type Secondary Fstan/Ret Restrictions None Restrictions Description N/A Special Listing Conditions Subject To Lease Transaction Type For Sale Utilities Cable AvailableCity SewerCity WaterElectricity AvailableFiber OpticsNatural Gas AvailableTelephone On-Site Zoning Description Ci



Based on information submitted to the MLS GRID as of 2021-12-08T21:33:03.387 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 The Mitchell Team | Keller Williams South Park 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. © 2021 Canopy MLS.

Digital Millennium Copyright Act
 
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The Mitchell Team | Keller Williams South Park
5925 Carnegie Boulevard, Suite 250
Charlotte NC, 28209
Offered by Nai Beverly-Hanks. Copyright 2021 Canopy MLS. All rights reserved.