149 NEW LEICESTER HWY

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149 NEW LEICESTER HWY

ASHEVILLE, NC 28806-1917
Asking Price
$1.69M
Cap Rate
6%
Asset Type
Medical Office Office
Class
Class B

What's Special

6% CAP Medical Office Investment in West Asheville <ul><li>​Investment opportunity on a major West Asheville commercial corridor.</li><li>​±6,740 SF purpose-built medical facility with flexible layout.</li><li>​Leased to an established regional physical therapy and sports medicine practice.</li><li>​Stable income-producing asset offered at a 6% CAP Rate.</li><li>​Situated on ±1.78 acres with 346 feet of road frontage and HB zoning.</li><li>​Excellent visibility and access, just minutes from downtown Asheville and major interstates.</li></ul>

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NOI
$80,000
Cap Rate
4.73%
DSCR
0.80
Underwater
Cash-on-Cash
-4.01%
Monthly Payment
$8,361.198
Annual Cash Flow
$-20,334.375

Location & Travel Times