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33520627

9 FALLEN SPRUCE DR, ASHEVILLE, NC 28806 For Sale

CB
NC NC 286709
Likewise Commercial Real Estate
Listed by Likewise Commercial Real Estate
$1,750,000
49 days on market
Updated 21 days ago

9 Fallen Spruce Dr., Asheville, NC 28806

Details
APN 962907174800000
Property Type Retail
Sub Type Shopping Center
Square Footage 7,737
Units 6
Cap Rate 5.80%
Occupancy 83%
Tenancy Multi
Lease Type NNN
Year Built 2004
Buildings 1
Stories 2
Acreage 0.500
Zoning CS
Investment Type Owner/User
Ground Lease No
Ownership Seller owned for at least one year

Six-Unit NNN Retail Center | Stable Income & Value-Add Potential

Marketing description

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.

Please contact the Listing Broker, Carla Barnard, for all showing requests. All showings are listing agent accompany only and require a 48-hour notice.

Click here to view the property website: https://singlepointmedia.hd.pics/9-Fallen-Spruce-Dr

Click here for the 3D Tour: https://my.matterport.com/show/?m=9McziYUcBWe

Investment 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 broker for financials and showings (please do not disturb tenants)

Listing Contacts

CB
NC NC 286709
Likewise Commercial Real Estate
Listed by Likewise Commercial Real Estate

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Additional Information

Name
Carla Barnard
License
NC 286709
Brokerage
Likewise Commercial Real Estate
Brokerage Phone
8282223685
Brokerage Address
22 Arlington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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