28 NEW LEICESTER HIGHWAY
Property Description
Retail investment opportunity in West Asheville. This 7;920-square foot retail center on .55 acres is conveniently located just off Patton Avenue on New Leicester Highway. Tenants include Asheville Awards & Gifts; Capital Pawn Shop; Hidden Treasures Used Furniture and Four Star Insurance. Improvements include three 1;500-square foot spaces; a 1;000-square foot space; and a 2;500-square foot warehouse. Includes 1 loading dock door. Low maintenance due to all steel construction. Traffic count: 27;000. 100% occupied; all leases have been renegotiated. CAP rate is 9.3%. DIRECTIONS: West on Patton Avenue to New Leicester Highway. Right on New Leicester Highway; two blocks to property on left.
Property Info
- County
- Buncombe
- Type
- Retail
- Subtype
- Investment;Investment;Investment
- Construction State
- Existing
- Zoning
- HB
- Whole Building
- Yes
- Floors
- 0
- Sq.Ft. (Total Property)
- 7,920
- Sq.Ft. (Total Vacant)
- 0
- Total Available
- 7,920
- Acreage (Total)
- 1
- Year Built
- 1959
- Clear Height
- 0
Pricing
- Sale Option
- For Sale Only
- Price
- $550,000
- Lease Type
Listing Info
- List Date
- August 16, 2011
- Company
- NAI Beverly-Hanks
- Agent
- Roy Borden; CCIM
More Information
The data relating to real estate for sale on this web site comes
in part from the Internet Data Exchange Program of the WNC Regional MLS®. Real estate listings held by brokerage firms
other than Beverly-Hanks & Associates REALTORS are marked with the Internet Data Exchange logo and detailed
information about them includes the name of the listing brokers. The broker providing the data believes it to be correct, but advises
interested parties to confirm the data before relying on it in a purchase decision.
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