18
  • Property Type
  • Special Purpose, Commercial Sale
  • 1
  • Bathroom
  • 1965
  • Year Built

130 Oakland Hill Drive, Etowah, NC 28729

  • $699,500

Description

7.86% Cap! Rare, turnkey self-storage and industrial income property now available in the growing Etowah/Flat Rock corridor. 130 Oakland Hill Drive offers an investor or owner-user a stabilized self-storage operation (40 units), two contractor garages, open-air RV / boat / trailer storage, and a main industrial building with immediate vacancy – ready for owner occupancy or lease-up on day one. The current operator runs a car detailing business out of the main building and will vacate upon sale, giving the new owner a clean slate for their own use or the opportunity to capture market-rate lease income. Pro forma NOI of $55,000 is well-supported by three years of trailing financials. 2025 reflects non-recurring capital expenditures with add-backs available to the underwriting-minded buyer. Full financials attached. Additional upside exists for a buyer who leases the main building or pushes rents on the storage inventory. Current ownership has invested meaningfully in the business and physical infrastructure – new automated gate system, redesigned website, and streamlined operations. The asset weathered Helene with no flooding, and is well-positioned for a new owner to step in and operate efficiently from day one. A full unit schedule is attached separately. Etowah sits at the heart of Henderson County’s commercial growth corridor, with easy access to Hendersonville, Brevard, and Asheville. Strong demand for self-storage and contractor/outdoor storage is driven by residential growth, the trades, and outdoor recreation culture.

  • Address: 130 Oakland Hill Drive
  • City: Etowah
  • State/county: NC
  • Zip/Postal Code: 28729

Details

Updated on April 16, 2026 at 12:57 pm
  • Property ID 4368999
  • Price $699,500
  • Bathroom 1
  • Garage Size x x
  • Year Built 1965
  • Property Type Special Purpose, Commercial Sale
  • Property Status Active, For Sale

Additional details

  • Roof Aluminum
  • Sewer Septic Installed
  • County Henderson
  • Property Type Commercial Sale

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Contact Information

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The Simpson Group Realty
  • The Simpson Group Realty

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