2551 Smokey Park Hw

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2551 Smokey Park Hw

Candler, NC 28715
Asking Price
$4.75M
Asset Type
Retail
Class
Class B

What's Special

2551 Smokey Park Highway is situated in the primary commercial corridor of Candler, North Carolina, approximately 10 miles west of downtown Asheville. The neighborhood is characterized by a mix of established residential subdivisions and retail centers. The property offers direct frontage on US-19/23, providing high visibility to local traffic. Nearby amenities include national grocery chains, quick-service restaurants, and professional service offices. It is positioned within three miles of the Interstate 40 interchange, facilitating regional access for commuters and logistics. This retail asset is suited for businesses requiring high exposure and consistent vehicle counts. Ideal use cases include specialty retail shops, small-scale showrooms, or neighborhood service providers such as insurance agencies and salons. The location supports a tenant profile focused on serving the growing suburban population of western Buncombe County. Its layout and positioning are functional for owner-occupants or multi-tenant retail operators seeking a presence in a stable, high-traffic growth path outside the Asheville city core.

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NOI
$80,000
Cap Rate
1.68%
DSCR
0.28
Underwater
Cash-on-Cash
-14.18%
Monthly Payment
$23,500.408
Annual Cash Flow
$-202,004.9

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