2 Baths
5,662 Sqft Lot
2 Baths
5,662 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4375681
Year Built 1954
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Retail
Property Description
The property is fully leased with two strong, complementary tenants: Potential New Boyfriend, a popular vinyl and dessert bar concept, and Franny's Farmacy, a well-established boutique CBD/THC retailer featuring a beautifully curated outdoor patio and garden lounge with on-site consumption.
Additional highlights include a shared adjoining parking lot, dedicated employee parking at the rear, and a fenced-in outdoor area enhancing tenant and customer experience. Current gross annual income is $54,000 with approximately four years remaining on existing leases plus renewal options and built-in 3% annual rent escalations—providing immediate cash flow with steady upside.
Opportunities to acquire stabilized assets in this high-demand Haywood Road corridor are exceptionally rare, making this an ideal long-term hold for investors seeking both security and appreciation in one of Asheville's most dynamic submarkets.
Location
State NC
County Buncombe
Zoning HR-2:EXPN
Interior
Inclusions Building
Exterior
Fence Back Yard, Wood
Roof Type Rubber
Street Surface Paved
Building
Lot Description Infill Lot
Dwelling Type Site Built
Foundation Slab
Structure Type Brick Partial,Block
New Construction false
Others
Senior Community false
Restrictions Other - See Remarks
Acceptable Financing Conventional, Owner Financing
Listing Terms Conventional, Owner Financing
Special Listing Condition Subject to Lease
Nearby Locations
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