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149 New Leicester Hwy, Asheville, NC 28806 149 New Leicester Hwy 6,740 SF 100% Leased Office Building Asheville, NC 28806 $1,690,000 ($250.74/SF) 6% Cap Rate
Investment Highlights
- Investment opportunity on a major West Asheville commercial corridor.
- Leased to an established regional physical therapy and sports medicine practice.
- Situated on ±1.78 acres with 346 feet of road frontage and HB zoning.
- ±6,740 SF purpose-built medical facility with flexible layout.
- Stable income-producing asset offered at a 6% CAP Rate.
- Excellent visibility and access, just minutes from downtown Asheville and major interstates.
Executive Summary
Attractive investment opportunity along one of West Asheville's primary commercial corridors. This 6,740 SF purpose-built facility was designed for a full-service physical therapy practice and offers a highly functional layout adaptable to a variety of medical, wellness, professional office, or service-oriented users. The property is currently leased to a successful, regional physical therapy and sports medicine practice, providing stable cash flow for an investor at a 6% CAP Rate. Situated on 1.78 Acres, zoned HB (Highway Business) and featuring 346 feet of road frontage, this site provides outstanding visibility, signage and convenient access for the community, ensuring success for the Tenant-occupant. Ideally located just minutes from downtown Asheville, the property enjoys quick access to I-240 (approximately 3 miles), I-26 (approximately 4 miles), and I-40 (approximately 6 miles), allowing seamless connectivity throughout Western North Carolina. This well-maintained asset presents an excellent investment opportunity in a growing commercial market.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
6,740 SF
Building Class
B
Year Built
2012
Price
$1,690,000
Price Per SF
$250.74
Cap Rate
6%
NOI
$101,400
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
6,740 SF
Building FAR
0.09
Lot Size
1.78 AC
Opportunity Zone
Yes
Zoning
HB
Parking
49 Spaces (7.27 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Outdoor Seating
- Air Conditioning
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $506,200 | |
| Land Assessment | $554,400 | Total Assessment | $1,060,600 |
Property Taxes
Parcel Numbers
Land Assessment
$554,400
Improvements Assessment
$506,200
Total Assessment
$1,060,600
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Photos
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Map
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Contact the Sale Advisor
149 New Leicester Hwy, Asheville, NC 28806 | 149 New Leicester Hwy