Description
Positioned in the heart of Asheville’s most sought-after corridor, this 2, 250 SF commercial investment opportunity sits along the highly desirable Haywood Road in the vibrant West Asheville. Known for its strong daily traffic counts, pedestrian-friendly design, and eclectic mix of retail, dining, and lifestyle businesses, this location offers unmatched visibility and long-term growth potential. Freshly renovated and upfit in 2024 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.
Address
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Address: 645 & 647 Haywood Road
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City: Asheville
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State/county: NC
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Zip/Postal Code: 28806
Details
Updated on June 1, 2026 at 5:35 pm-
Property ID 4375681
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Price $750,000
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Property Size 2250 m²
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Bathrooms 2
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Year Built 1954
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Property Type Retail, Commercial Sale
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Property Status Active, For Sale
Additional details
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Listing Terms Conventional, Owner Financing
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Roof Rubber
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County Buncombe
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Property Type Commercial Sale
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Down Payment
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Contact Information
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