Single/Multi-Tenant Opportunity in Downtown Waynesville

Whitney Commercial Real Estate Services 828.665.9085 WhitneyCRE.comThe Asheville Region’s Only Full-Service Commercial Real Estate Firm

FOR SALE: MLS# 3284272 Loopnet: 7268136FOR LEASE: MLS# 3357289 Loopnet: 11491729

Single/Multi-Tenant Opportunity in Downtown Waynesville:1948 Building at Edge of Frog Level Suited for Almost Any Use

Room for Whole Business or Multiple Ventures

FOR SALE: $890,000 ($49.04 / SF)18,149 SF on 0.39 Ac.

FOR LEASE: NNN UNIT 1: 10,500 SF $4.34/SF ($3,800 / mo.)UNIT 2: 7,297 SF $6.25/SF ($3,800 / mo.)

• Located at edge of Frog Level Historic District, and 3 blocks from Main Street

• Two loading docks, 14’ ceilings• Building fully sprinkled, suitable for any user• Divided into two spaces (9,871+ SF, and 7,297 SF) with

unique features, including 110’ clear-span warehouse

• Town of Waynesville public parking lots next door• Potential to adapt structure to multiple businesses, and

reopen-up store fronts• Only 30.6 miles to Asheville

James Harrison828.279.0090 [email protected]

Depot Street Side of the building

FOR SALE OR LEASE: WAYNESVILLE 18,000+ SF Office/Warehouse/Flex

188 Depot Street, Waynesville, NC 28786(828) 665-9085 WhitneyCRE.com

O-IOFFICE -

INDUSTRIAL



FOR SALE: $1,100,000 18,149 SF on 0.39 Ac.

FOR LEASE: UNIT 1: 10,500 SF $4.34/SF ($3,800 / mo.)

UNIT 2: 7,297 SF $6.25/SF ($3,800 / mo.)

188 Depot Street was originally a grocery.

Built in 1948, this 18,000+ SF building in downtown Waynesville has served a myriad of purposes, most recently being home to a church and print shop. The property sits on 0.39 acres at the corner of Depot and Boundary Streets, at the edge of Frog Level Historic District and within 3 blocks of Main Street’s shops and restaurants.

Currently divided into two approximate units of 10,500 SF and 7,297 SF, one unit includes 110’ of clear-span warehouse with 14’ ceilings and two loading docks. The building is fully sprinkled and has three-phase power.

Opportunity abounds for redevelopment, with the potential to open the building for a sole-user, create storefronts or drive-in doors, or add a third loading dock. The property lies adjacent to ample public parking lots owned by the Town of Waynesville.

OVERVIEW

HEATED SF, Left Side: 10,500 SF HEATED SF, Right Side: 7,297 SF TOTAL HEATED SF: 17,797 SF

UNHEATED SF, Left Side: 352 SF TOTAL SQUARE FEET: 18,149 SF

TOTAL ACREAGE: 0.39 AC TAXES (2016): $3,034.86 BUILDINGS: 1 LOTS: 1 FLOORS: 2 (MAIN + MEZZANINE) YEAR BUILT: 1948 CONSTRUCTION: BRICK, MASONRY APPROX ROOF AGE: 2003 ROOF: MEMBRANE EXTERIOR: BRICK, CONCRETE, CONCRETE BLOCK, VINYL FLOORING: CONCRETE STRUCTURAL/ CERAMIC TILE/CARPET CEILING HEIGHT: 8’ - 14’ DOOR HEIGHT: 8’ LOADING DOCK DOORS: 2 RESTROOMS: 4 (2 each side)

PARKING: 7 SPACES OFF-STREET 34 ADJACENT PUBLIC SPACES STREET PARKING LOT DIMENSIONS: 168’ X 100’ X 168’ X 100’ ROAD FRONT: 268’ POaWER: 220 VOLT, 3-PHASE

WATER: ON-SITE SEWER: ON-SITE GAS: ON-SITE ELECTRIC: ON-SITE

HEATING: FORCED AIR GAS, HEAT PUMP COOLING: CENTRAL A/C ADDITIONAL: FIXTURES/FURNITURE

MUNICIPALITY: WAYNESVILLE COUNTY: HAYWOOD ZONING: CBD TYPE: INDUSTRIAL DEED / PAGE: 651 / 320 PIN #: 8615-28-8424

SUMMARY

Distances Clyde: 7 miles Canton: 11 miles Sylva: 18 miles Asheville: 30.6 miles Cherokee: 33 miles Asheville Regional Airport: 36 miles Hendersonville: 46 miles

INFRASTRUCTURE, TRANSPORTATION

& ACCESS

PRIMARY BEST USE: INDUSTRIAL SECONDARY BEST USE: OFFICE, RESTAURANT PERMITTED USE: CBD

WAYNESVILLE, NC (Haywood Co.):1 MILE RADIUS: 2016 Population: 4,173 Average Household Income: $49,015 Owner Occupied Housing Units: 1,009 Population 35 - 64: 12.8% Population 20 - 34: 9.1% Population 65+: 8.2%

3 MILE RADIUS: 2016 Population: 15,413 Average Household Income: $58,958 Owner Occupied Housing Units: 4,387 Population 35 - 64: 13.1% Population 20 - 34: 8.05% Population 65+: 8.7%

5 MILE RADIUS: 2016 Population: 28,333 Average Household Income: $59,968 Owner Occupied Housing Units: 8,533 Population 35 - 64: 13.4% Population 20 - 34: 7.85% Population 65+: 8.43%

WAYNESVILLE AREA DATA2015 GREATER ASHEVILLE MSA - Buncombe, Haywood, Henderson & Madison Counties): Population: 443,890 Projected 2020 Population: 468,146

Households: 179,606 Average Household Size: 2.28 Median Home Value: $207,170

Average Family Income: $73,638 Median Age: 44.2

Private Industries: 12,881 Service Providing Industries: 10,793 Federal, State & Local Industries: 12,235

SEE MORE REGIONAL DATA ON PAGE 11.

NEIGHBORING BUSINESSES & SERVICES*TOWNS & COMMUNITIES:

WaynesvilleHazelwood

ClydeLake JunaluskaCataloocheeMaggie Valley

SHOPPING:WalmartKmart

Toys’R’UsPetco

Best BuyRug & Home

BelkLowe’s

PetsmartRiteAidStaples

Michael’sFamily Dollar

Goodwill Retail CenterMast General Store

OFFICE PARKS:Stonegate Office Park (16,588 SF)

GROCERY:InglesBiLo

Food LionEagle’s Nest Grocery

Sunburst Market

RESTAURANTS/FOOD: Bocelli’s Italian Eatery

Sweet OnionAngelo’s Family Pizza

Little House of SweetsCornerstone Cafe

Frog Level BrewingChef’s Table

Frog’s Leap Public HouseBlossom on Main

Tipping Point TavernWaterin’ Hole Bar & Grill

Short Stop Food MartZaxby’s

Maggie Valley SeafoodHuddle HouseLa Mexicanita

Haywood SmokehouseClyde’s

BojanglesTaco Bell

Papa John’sHardee’sWendy’s

Burger KingKFC

McDonald’sSubway

PROFESSIONAL SERVICES:Mission Health Systems

Haywood Regional Medical CenterSmoky Mountain Center

BayadaAutumn Care

Brain Center Health/RehabilitationH&R Block

Overbay InsuranceNationwide InsuranceStanberry InsuranceWells Funeral Home

Ganett Funeral HomeAnimal Hospital of Waynesville

Balsam Animal HospitalJunaluska Animal Hospital

HOTEL/MOTEL: Waynesville Inn Resort and Spa

Oak Hill B&BParkway Inn

Best Western

Grandview LodgeEconoLodgeOak Park Inn

Days InnMaggie Valley Inn & Conference

CenterCountry Inn & Suites

Andon-Reid B&B

ADD’L SERVICES/BUSINESSES:Sunburst Trout Farms

Cataloochee Ski ResortLake Junaluska

Twigs & Leaves GalleryBlue Owl Gallery

Gallery 86/Haywood Arts CouncilMountaineer PublishingHigh Country Furniture

Haywood Builders SupplyGiles Chemical

Southern ConcreteThe Print Haus

Four Seasons FloristJohn’s Barber ShopBlue Ridge Books

Fantasy Hair FashionsDelray’s Consignment

Elite SalonVerizon

Charter CommunicationsBy-Pass Power Equipment

Elements SalonPearson Roofing

Evergreen PackagingGreat Smoky Mountain Self Storage

Premier Seed and Supply

GAS & AUTOMOTIVE:BP

ExxonMountain Energy

MobilHaywood Oil

Shelton Oil and TransportMain Street Automotive

Barrett MotorsGreg’s Auto Shop

Auto ZoneAutobell Carwash

M&D CollisionMr. Tire Auto Service

Wilke’s Garage and TowO’Reilly Auto Parts

SCHOOLS:Haywood County Schools

Hazelwood Elementary SchoolJunaluska Elementary School

Tuscola High SchoolRegional High Technology Center

Haywood Community College

FINANCIAL:Mountain Credit Union

Wells Fargo BankFirst Citizens

TD BankBB & T

Champion Credit UnionEngtegra Bank

Carolina Farm CreditNC Farm Bureau

PUBLIC SERVICES:US Post Office

Haywood County TourismHaywood County Governmental

OfficesWaynesville Recreation Center

(Forest Service?)

*Partial List



FOR SALE: $1,100,000 18,149 SF on 0.39 Ac.


UNIT 2: 7,297 SF $6.25/SF ($3,800 / mo.)

To US 74 and To Asheville

Russ Avenue

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N. Main St

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Historic Main Street/Downtown

Aerial view of the Waynesville area - 188 Depot Street is 3 blocks below historic Main Street.

EXIT 102

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Boundary St.

Depot St.

*Map illustrations, floorplans, and measurements are approximated.

188 Depot St.

100’

To Main St. i

188 Depot St.

i Depot St.

Boundary St

Frog Level

0.39 Acres

100’168’

168’



FOR SALE: $1,100,000 18,149 SF on 0.39 Ac.


UNIT 2: 7,297 SF $6.25/SF ($3,800 / mo.) *M

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188 DEPOT ST (UNIT 1) 188 DEPOT ST (UNIT 2)

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Boundary St

Left sideRight side

MezzanineDepot Street

Boundary Street

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9,871 SF+ 629 SF

= 10,500 SF

629 SF

LEFT SIDE:Main Level: 9,871 SFMezzanine: 679 SFTOTAL SF: 10,500 SF

RIGHT SIDE:TOTAL SF: 7,297 SF

LEFT SIDE: TOTAL SF: 10,500 SF

RIGHT SIDE: TOTAL SF: 7,297 SF

TOTAL HEATED SF: 17,797 SF

UNHEATED SF: 352 SF

TOTAL ALL SF: 18,149 SF

7,297 SF

Covered 177 SF Covered 151 SF

35.6’

Open Deck24 SF

50.7’

42.1’

63.8’31.4’

12.1

’

84.6

’

11.8’

37.5

’

23.3

’24

.8’

10.8

’

46.2

’

96.2’

50.7’

63.2

’

102.

5’

6.9’ 3.4’

24.2’

26’17.8’

11.8’

24’

110.5’

35.6’7.5’

15.8’x

29.9’

RR RR14.3’ x 7’ 11.1’ x 7’ 24.7’ x 7’

5’ x 7’

Up

13.7’ x

12.3’

13.7’ x

13.3’

21.8’x

24’

23.2’x

11’

23.2’x

13.4’

Kitchen

23’x

11’

23’x

13.5’

*

74.4’63

.2’

13.5’

Mech

18’x

17’

18’x

20.1’

18’x

15.7’

5.7’ x 7’

9.2’x

10.6’

12.4’x

27.5’

10’x

10.1’

14.9’x

16’

Mech11’ x 6.8’

Sink

RR

RR

8.9’10.7’

14’11’

7.7’

7.2’

8.4’X

11.3’

(To Mezzanine)

LEASE UNIT 1 FOR $4.34/SF ($3,800 / mo.) LEASE UNIT 2 FOR

$6.25/SF ($3,800 / mo.)



FOR SALE: $1,100,000 18,149 SF on 0.39 Ac.


UNIT 2: 7,297 SF $6.25/SF ($3,800 / mo.)

188 Depot Street - potential storefront, and views from along Depot St. (Unit 1)

Additional loading dock (Unit 1) Possible third loading dock and deck (Unit 2) Storefront windows and entrance (Unit 1) Kitchen break room with potential storefront (Unit 1)

Gathering room or warehouse (Unit 1)Warehouse storage area (Unit 1)

110’ clear span warehouse (Unit 1) 110’ clear span warehouse (Unit 1)

Unit 1 Unit 1 Unit 2



FOR SALE: $1,100,000 18,149 SF on 0.39 Ac.


UNIT 2: 7,297 SF $6.25/SF ($3,800 / mo.)

Sources: U.S. Census Bureau, ESRI, ProximityOne, Apartment List, Department of Numbers, City Data, CoStar

BUNCOMBE

HENDERSON

HAYWOOD

MADISON

Weaverville

Hendersonville

Waynesville

Marshall

ASHEVILLE REGIONALAIRPORT

Black Mountain

Brevard

Mills River

Flat Rock

The Greater Asheville MSA* and Region

Asheville

Atlanta

Charlotte

Knoxville

Asheville

Buncombe County: 251,000 Haywood County: 60,000 Henderson County: 112,000 Madison County: 21,000 TOTAL MSA Population: 444,000

Asheville pop. within 3-miles: 52,400



Greenville

ColumbiaAthens

HendersonvilleWaynesville

Population, Housing and Wages

Population Summary 2015 Total Population: 443,890 Projected 2019 Population: 468,146

Household Summary 2015 Households: 179,606 2015 Average Household Size: 2.28

Housing Unit Summary 2015 Housing Units: 210,445 Owner Occupied Housing Units: 57.3%

Average Family Income 2015: $73,638

Average Weekly Wages 2016, Q3: $862

Median Home Value (2013) 2015: $209,800

Per Capita Income 2015: $44,077

Median Age 2015: 44.2

2015 Employed Pop. 16+ 215, 201

2016 Unemployment Rate 4.6%

Industrial Sector Information*

Industry Establishments& Employment

Sector Establishments EmploymentGOV’T INDUSTRIES 13,235 299,543 Federal 81 5,469 State 70 8,868 Local 203 26,878PRIVATE INDUSTRIES 12,881 258,329 Goods-producing 2,088 47,946 Nat’l resources/mining 110 2,255 Construction 1,405 12,780 Manufacturing 573 32,911SERVICE-PROVIDING 10,793 210,383 Trade, transportation & utilities 2,664 56,978 Information 215 3,008 Financial activities 1,318 9,570 Professional and Business services 2,529 30,114 Education and Health services 1,491 56,991 Leisure & Hospitality 1,401 44,405 Other services 1,175 9,316

The Asheville Metropolitan Statistical Area is comprised of four counties at the intersection of I-40 and I-26 in Western North Carolina

* 2010 Total Households: 214,000

Asheville housing, Owner: 67.6%

Asheville housing, Renter: 32.4%

INDUSTRIAL LEASING Q1 2017Vacancy Rate Asheville: 2.9% National: 5.3%Rental Rates (NET) Asheville: $5.63 National: $6.14Net Absorption (SF) Asheville: 48,126 National: 57,854,121Vacant Sublease Space (SF) Asheville: 0 National: 41,421,640New Buildings Delivered Asheville: 2 National: 517New SF Delivered Asheville: 75,000 National: 63,349,697SF Under Construction Asheville: 40,500 National: 268,096,457

INDUSTRIAL SALES Q1 2017Transactions: 8Sales Volume: $7,241,900Square Feet: 75,653Average Square Feet: 12,653Median Price/Square Foot: $59.25

*This data aggregated under specific parameters in CoStar. Contact a Whitney Commercial broker for more in-depth conversations specific to your commercial real estate needs.

Classroom or Office (Unit 2) Kitchen/Breakroom (Unit 2)

Classroom or Office (Unit 2) Classroom or Office (Unit 2)

Entrance and bathrooms Hallway to warehouse

Mezzanine office (Unit 2) Mezzanine storage (Unit 2)


FOR SALE: $1,100,000 18,149 SF on 0.39 Ac.


UNIT 2: 7,297 SF $6.25/SF ($3,800 / mo.)

FROM EXPRESSWAY: Follow I-40 West, take Exit 102 for US-276/South Russ Avenue in Waynesville. Con-tinue on US-276/South Russ Avenue for 0.5 miles. Turn right on Dellwood Road. After 0.5 miles, Dellwood Road turns slightly left and becomes Depot Street. Property is on left at intersection of Depot and Boundary Streets (one street before signalized intersection of Depot Street and Branner Ave.)

188 DEPOT ST.DIRECTIONS

DowntownWaynesville N

. Mai

n St

188 Depot St.

To Asheville i

EXIT 102

Great Smoky Mtn Expy

i i

188 Depot St.

DEPOT ST

BOUNDARY ST

Russ Ave

Depot St.

Boundary St

Del

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ad

Frog Level

Nearby Frog Level signageStorage room Classroom or Office

Whitney Commercial Real Estate Services 828.665.9085 WhitneyCRE.com Commercial Brokerage | Property Management | General ContractingBrokerage and Property Management Licensed as Whitney Commercial Real Estate, LLC. General Contracting Licensed as Whitney Construction & Development, Inc.

Information contained herein is believed to be accurate but is not warranted as to accuracy and may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends Purchaser’s or Tenant’s personal investigation.

2/5/2018

*All maps, aerials, illustrations, and measurements are approximated.


FOR SALE: $890,000 ($49.04 / SF) 18,149 SF on 0.39 Ac.

FOR LEASE: UNIT 1: 10,500 SF $4.34/SF ($3,800 / mo.)UNIT 2: 7,297 SF $6.25/SF ($3,800 / mo.)

Documents

Single/Multi-Tenant Opportunity in Downtown Waynesville