Property Details
34 Maple Street
Waynesville
$695,000
MLS Number: 4390794
Status: Active
Description
Exceptional value-add investment opportunity just minutes from downtown Waynesville. This 5,760± SF freestanding commercial building currently generates $38,868 in annual rental income from three established tenants while offering approximately 3,200± SF of shell space ready for lease-up, expansion, or owner occupancy. Positioned at a highly visible corner location adjacent to the new traffic circle, the property benefits from improved access and traffic flow connecting Asheville Highway, Russ Avenue, and downtown Waynesville. The location is poised to capitalize on continued residential growth, with numerous new homes under construction within approximately one mile and multiple apartment communities recently completed or nearing completion nearby. This expanding residential base creates increasing demand for retail, medical, office, service, and restaurant users seeking convenient access to one of Haywood County's fastest-growing corridors. Net, potential income with leased up space is approximately $59,000 creating a capitalization rate of nearly 8%. With immediate cash flow, substantial lease-up potential, ample parking, and excellent visibility, this property offers investors and owner-users the rare combination of current income and significant upside in a thriving market just moments from downtown Waynesville.
Location |
|
|---|---|
| Address | 34 Maple Street Waynesville |
| County | Haywood |
Overview |
|
| Bedrooms | 0 |
| Full Bathrooms | 0 |
| Half Bathrooms | 0 |
| Lot Size | 0.581 acres |
| Year Built | 1984 |
General |
|
| List Price | $695,000 |
| MLS Number | 4390794 |
| Status | Active |
| Office | Keller Williams Great Smokies |
Schools |
|
| Elementary | |
| Middle | |
| High | |
Features |
|
| Type | Retail |
| Parking | Parking Lot, Parking Space(s) |
| Water/Sewer | City |
| Floor Coverings | Carpet, Laminate, Tile, Vinyl |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 07/16/26 4:34 am EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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