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8 Beverly Road, Asheville, NC 28805
$2,050,000
8 Beverly Road, Asheville, NC 28805View this property at 8 Beverly Road, Asheville, NC 28805
8 Beverly RoadAshevilleNC28805
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Property Description
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.
Full Property Details
Full Property Details for 8 Beverly Rd
General
- Price: $2,050,000
- Status: Active
- Type: Commercial
- MLS ID: 4044558
- Updated: 4/15/2024
- Added to Site: 307 day(s) ago
Interior
- Flooring: Laminate, Vinyl, Wood
Parking
- Parking Features: Parking Lot
Location
- County: Buncombe
- Cross Streets: New Haw Creek
- Driving 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 right on Beverly Rd, property is first on left. There are plenty of parking spaces in its big parking lot 120' ahead on left .
- City Limits: Yes
Heating & Cooling
- Cooling Type: Heat Pump
- Heating Type: Central, Forced Air, Heat Pump, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Gas
Structural Information
- Construction Status: Completed
- Construction: Site Built
- Exterior Const.: Fiber Cement, Hard Stucco, Stone
- Roof: Built-Up, Composition, Rubber, Wood
- Square Feet: 10,851
- Min Required: 1 Sq. Ft.
- Minimum Avail: 10,851 Sq. Ft.
- Year Built: 2003
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Level
- Rcmdd Zoning: CB1
Financial Considerations
- Terms: Cash, Conventional, Owner Financing
Disclosures and Reports
- Restrictions: No Restrictions
- Inclusions: Fixtures, Land
- Property ID: 965888274400000
- Lot Number: 6211/816
Listed by Buncombe Realty
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Schools
Schools serving 8 Beverly Rd
School District:Buncombe County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
10 Bethesda Rd, Asheville, NC 28805 | K-5 | 0.2 mi | |
2 Rocket Dr, Asheville, NC 28803 | 6-8 | 3.3 mi | |
1 Rocket Dr, Asheville, NC 28803 | 9-12 | 3.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8 Beverly Rd
Date
Details
Price
Change
Source
4/15/2024
Price Reduced
$2,050,000
-2.38%
MLS
6/28/2023
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8 Beverly Rd
8 Beverly Road, Asheville, NC 28805 (MLS# 4044558) is a Commercial property. 8 Beverly Road is currently listed for $2,050,000 and was received on June 28, 2023. Want to learn more about 8 Beverly Road? Do you have questions about finding other Commercial real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.