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51 Sweeten Creek RoadAsheville, NC 28803Price: $975,000

  • Price: $975,000
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Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
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CAR3788837
  • $975,000List Price
  • 3,793Square Feet
  • 0.27Acreage

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A fantastic investment opportunity right in the heart of the quickly growing Northern section of Sweeten Creek Rd. A very short distance from Biltmore Village,this area has seen many adaptive reuse projects taking place including this property. Secure tenant on a Net lease in place with a unique concept definitively Asheville. The front half of the building the tenant operates as a Yoga Studio while the rear portion is an off leash dog friendly bar with a roll up door and outdoor seating and play area. The tenant is currently on a three year lease with two options to renew at three years each and 2.5% rent increases each year. The current Net lease places this at a 7% cap. Significant renovations and buildout took place on the building in 2020. Contact listing broker for all showings,do not disturb tenant.

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Listed by Jim Davis of NAI Beverly-Hanks

Broker Reciprocity © 2021 by the Canopy MLS. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of November 26, 2021 9:21 PM EST . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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