645 & 647 Haywood Rd ASHEVILLE
Haywood Rd Corridor -Two buildings fully leased
Marketing description
Positioned in the heart of Asheville’s most sought-after corridor, this 2,250 SF commercial investment opportunity sits along the highly desirable Haywood Road corridor in the vibrant West Asheville. Known for its strong daily traffic counts, pedestrian-friendly design, and eclectic mix of retail, dining, and lifestyle businesses, this location offers unmatched visibility and long-term growth potential. Freshly renovated and upfit in 2024 The property is fully leased with two strong, complementary tenants: Potential New Boyfriend, a popular vinyl and dessert bar concept, and Franny’s Farmacy, a well-established boutique CBD/THC retailer featuring a beautifully curated outdoor patio and garden lounge with on-site consumption. Additional highlights include a shared adjoining parking lot, dedicated employee parking at the rear, and a fenced-in outdoor area enhancing tenant and customer experience.
Investment highlights
Two established tenants in a 1st generation renovated buildings .
Current gross annual income is $54,000 with approximately four years remaining on existing leases plus renewal options and built-in 3% annual rent escalations providing immediate cash flow with steady upside. Opportunities to acquire stabilized assets in this high-demand Haywood Road corridor are exceptionally rare, making this an ideal long-term hold for investors seeking both security and appreciation in one of Asheville’s most dynamic submarkets.
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