28 Hendersonville Rd

Investment Highlights

Historic Building in the heart of Biltmore Village adjacent to Biltmore Estate entrance gates Year-Round Tourist Destination Surrounded by hotels and minutes from Downtown Asheville High Traffic Counts on US-25 (Hendersonville Rd): 30,000 VPD Strong local and national neighboring retailers

Executive Summary

Rare opportunity to own a historic trophy asset in Biltmore Village! Located 500 feet from the entrance to the Biltmore Estate, 28-32 Hendersonville Road includes 9,790 square feet of mixed-use commercial space and an adjacent lot.The main level (5,790 square feet) is home to a successful upscale restaurant. The upper level (4,000 square feet) includes 14 private rooms with high ceilings and natural light, shared lounge with kitchenette, and multiple restrooms. Each private room is currently leased as professional office space, however a conversion to lodging is possible. The adjacent parking lot includes 16 parking spaces. 8 additional parking spaces are located to the north of the building.The property is fully leased and maintains a solid rental history.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront Retail/Office General Retail Storefront Retail/Residential Freestanding
• Building Size    9,790
• Building Class    C
• Year Built    1925
• Price    4,200,000
• Price Per SF    429
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.62
• Land Acres    0.36 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Signage
• Signalized Intersection