142 N Main Street, Waynesville, NC 28786-3810 For Sale

140 N. Main Street presents a rare opportunity to acquire one of Historic Downtown Waynesville's premier mixed-use investment properties. Situated along the town's highly desirable Main Street corridor, this approximately 5,850-square-foot building combines stable income, flexible future use, and long-term appreciation potential in one of Western North Carolina's strongest downtown markets.

The property is currently configured with multiple income-producing spaces, including street-level retail, lower-level commercial space, and upper-level office/residential opportunities. Based upon the current lease structure and proposed upper-level reconfiguration, the property offers a projected Potential Gross Income (PGI) of approximately $113,400 annually, creating an attractive opportunity for investors seeking diversified revenue streams.

Located in Waynesville's Central Business District (CBD), the property benefits from zoning flexibility that accommodates retail, office, residential, hospitality, and mixed-use redevelopment. Downtown Waynesville continues to experience sustained investment driven by tourism, population growth, and a limited supply of quality commercial real estate.

Investment opportunities of this caliber are increasingly scarce, making 140 N. Main Street well suited for private investors, family offices, 1031 exchange buyers, and owner-users seeking a landmark downtown asset with both current cash flow and future upside.