MLS#4368999
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
7.86% Cap! Rare, turnkey self-storage and industrial income property now available in the growing Etowah/Flat Rock corridor. 130 Oakland Hill Drive offers an investor or owner-user a stabilized self-storage operation (40 units), a contractor garage, open-air RV / boat / trailer storage, and a main industrial building with two bays, with immediate vacancy on one side - ready for owner occupancy or lease-up on day one. The current operator runs a car detailing business out of the main building and will vacate upon sale, giving the new owner a clean slate for their own use or the opportunity to capture market-rate lease income. Pro forma NOI of $55,000 is well-supported by three years of trailing financials. 2025 reflects non-recurring capital expenditures with add-backs available to the underwriting-minded buyer. Full financials attached. Additional upside exists for a buyer who leases the main building or pushes rents on the storage inventory. Current ownership has invested meaningfully in the business and physical infrastructure - new automated gate system, redesigned website, and streamlined operations. The asset weathered Helene with no flooding, and is well-positioned for a new owner to step in and operate efficiently from day one. A full unit schedule is attached separately. Etowah sits at the heart of Henderson County's commercial growth corridor, with easy access to Hendersonville, Brevard, and Asheville. Strong demand for self-storage and contractor/outdoor storage is driven by residential growth, the trades, and outdoor recreation culture.DO NOT DISTURB Tenants. All showings must be scheduled through List Agent(s). Proof of Funds or other Credibility Package required to schedule showing.
Property Features
Property Type: Commercial - Business
Fenced: Yes
Lot Size: 0.70 Acres
Roof Type: Aluminum
Year Built: 1965
Feature Descriptions
Days on Site: 27
Exterior: Aluminum, Concrete, Synthetic Stucco
Foundation: Slab
Parcel#: 9958024
Sewer: Septic Installed
Water: City
Listed By / Shown By
Listed By
Agency Name: Keller Williams Professionals
Agency Contact: chris.gragtmans@kw.com
Shown By
Agent Name: Jacob Simon
Agent Phone: (864) 804-0116
Agency Title: Lake Norman Realty
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130 Oakland Hill Drive | MLS# 4368999
This commercial property located at 130 Oakland Hill Drive, Etowah, NC 28729 is currently listed for sale with an asking price of $699,500. Search Etowah real estate on www.simonsellsnc.com today.