5 Woodland Dr., Asheville, NC

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Whitney Commercial Real Estate: Investment and occupant opportunity for affordable office and warehouse properties in West Asheville. Convenient access to interstates. Property is comprised of 2 buildings on 1.75 acres.  Buildings are described further as follows:

Building 1 - 9;417sf including 4;214sf of former child care space and 5;203sf of unheated warehouse space with one 18' foot drive in and two 14' drive in doors and crane infrastructure.  This building is currently vacant and being marketed for lease at $6/sf NNN.

Building 2 -10;000sf metal warehouse building with two 14ft roll up doors.  This property is leased for 5 years to a Tenant whom has been in occupancy since 2005.

Proforma net operating income is $96;000 per year with a proforma cap rate of 12.25%.

Owner is licensed NC Broker.

DIRECTIONS: I-40 west to Exit 44 - 19/23 Smokey Park Highway. Turn left on to eastbound 19/23. Turn left onto Old Haywood Rd. Proceed approx. 2 miles to left on Woodland Dr. property is first on right.

Listing Details

  • Price: $785,000
  • Square Feet: 19,417
  • Acres: 1.750
  • County: Buncombe County
  • Zoning: HB
  • Price per SqFt: $40
  • Price per Acre: $40
  • Listed By: Whitney Commercial Real Estate Services

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