51 Sweeten Creek Road, Asheville, 28803
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| Price: |
$ 975,000 |
| Taxes: |
$ 0 |
| Bed/Bath: |
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| Sq. Ft.: |
3793 |
| Lot Size: |
0.27 |
| Subdivision: |
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| County: |
Buncombe |
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| Listing Agency: |
NAI Beverly-Hanks |
| Listing Agent: |
Jim Davis |
| Agent Phone: |
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| Property Description |
| 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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