Listing contacts

Kevin Jennings  

Phoenix Commercial, LLC

(828) 275-2346

Active

Asking price: $11,500,000
Added: 2021-02-02 Updated: 2021-05-26

Info

Address 135 Sugarloaf Road
City Hendersonville
State NC
Zip Code 28793
County Henderson
Total Lot Size 8.24 acres
Year Built 1981
Property type Development Land

Details

Ceiling height 12 ft
Minimum ceiling clearance 8 ft
Number of floors 1
APN # 9579-56-0884 and 9579-46-9642
Zoning C-3 - Highway Business District
Year renovated 1991
Physical Occupancy 60%
Gross leasable area 126,913

Demographics

Median household income (5-mile radius) 48,177
Renters occupied (5-mile radius) 34 %
Num of competitors (5-mile radius) 24
Sq.Ft. per capita (1-mile radius) 65.93
5x5 unit average price $61
5x10 unit average price $79
10x10 unit average price $119

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Highlights

  • Site with successful 30-year retail history
  • Ingress and egress from three streets
  • 8.24-acres with easy access to I26
  • Located in an Opportunity Zone
  • 67,000 cars per day visibility
  • Amazing visibility from I-26

Description

Drone video: https://youtu.be/ZgdHurL428w This site has had a very successful 30-year retail history as The World of Clothing, located on I-26 at the cloverleaf exchange of I-26 and Four Seasons Blvd in Hendersonville, NC. The property currently includes 112,033 SF of retail space and a 14,880 SF 3-story office on 8.24-acres of premium land. The site has ingress and egress from 3 streets. This huge site is a prime redevelopment opportunity for multi-family and/or retail that wants quick access to the interstate and the rest of Western NC. Asheville is located just 20 miles to the northwest. In addition to being located on I-26, the property is in a designated Opportunity Zone. OZ’s were created by the Tax Cuts and Jobs Act of 2017 and encourage investors to buy and improve properties in certain areas of the market. In exchange, investors receive massive tax benefits that can eliminate capital gains on those reinvested funds.

Location details

This site has had a very successful 30-year retail history as The World of Clothing, located on I-26 at the cloverleaf exchange of I-26 and Four Seasons Blvd in Hendersonville, NC. The property currently includes 112,033 SF of retail space and a 14,880 SF 3-story office on 8.24-acres of premium land. The site has ingress and egress from 3 streets. This huge site is a prime redevelopment opportunity for multi-family and/or retail that wants quick access to the interstate and the rest of Western NC. Asheville is located just 20 miles to the northwest. In addition to being located on I-26, the property is in a designated Opportunity Zone. OZ’s were created by the Tax Cuts and Jobs Act of 2017 and encourage investors to buy and improve properties in certain areas of the market. In exchange, investors receive massive tax benefits that can eliminate capital gains on those reinvested funds.

Drive Time:
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▣ 11-15 minutes
▣ 16-20 minutes
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