Village Square Shopping Center
Hendersonville NC Commercial Real Estate
Located along the new Southern gateway to Hendersonville, this eight-unit strip center is a stand out. This attractive shopping center is ideal for the discriminating investor. A low maintenance exterior with Hardiboard siding and lots of parking make owning this property a joy.
The Building | The original structure, built in 1990, was totally remodeled and enlarged in 2006. This corner lot complex houses 8 tenants in approximately 13,800 square feet with a 1200-square-foot storage unit as a bonus. In 2006 all electric, plumbing, flooring, HVAC and duct work, ceiling tiles and grids were replaced. On the main level, four 1800-square-foot units and one 1200-square-foot unit are perfect for high visibility retail or offices. On the lower level, three 1800-square-foot units are suitable for offices or retail that don’t require as much exposure. All units are handicap accessible and have a restroom, break room, storage room and lots of open space. This building was built with engineered poured concrete reinforced walls, extra thick exterior walls, well-insulated and soundproofed units with high ceilings. The property is in the county so doesn’t have city taxes. Zoning is CC. Acreage is 1.02 acres with 65 parking spaces.
The Location | Located in the busy growing southern sector of Hendersonville, this property is conveniently located near the busy corner of Spartanburg Highway/Hwy 176 and Upward Road just across from CVS and Ingles. I-26 is less than 3 miles away and when the Upward Rd expansion is complete, traffic count is expected to increase substantially with all that traffic coming in front of this property.
The Opportunity | Great opportunity for the landlord looking for a stand out building in the part of Hendersonville expected to see the fastest growth over the next ten years. 2009 gross rents were $91,765 and $115,111 in 2008. Taxes for 2009 were $4086 and insurance was $2534. This property is priced well below the DOT appraised value. Additional adjoining land available--see MLS # 467791 and #467797.
Key features include:
- Building size: just under 14,000 square feet
- Lot: 1.02 acres
- Exterior: Hardiboard siding/ low maintenance cement siding and some stucco
- Heat: forced warm air –8 units
- Cooling: central forced –8units
- Utilities: electric, city water, city sewer, natural gas, cable and phone
- Access: State highway
- Zoning: CC
- Parking: 65 spaces
MLS | North Carolina Mountains MLS 472093
Price | Reduced from $1,850,000 to $1,750,000
Contact | To schedule a private showing, please contact Jim Kirkpatrick, owner/broker
or call Jim at
Cell Phone: 828.674.5733