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Franklin Bellamy

franklin@unlockingre.com +1(704) 904-5142

$ 699,500

Est. payment -/mo

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Active

130 Oakland Hill DR Etowah, NC 28729

1 Bath

0.7 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4368999

Year Built 1965

Lot Size 0.700 Acres

Acres 0.7

Property Sub-Type Special Purpose

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 immediate vacancy - 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.

Location

State NC

County Henderson

Zoning R1

Interior

Inclusions Building, Business, Fixtures

Exterior

Fence Chain Link, Fenced, Full

Roof Type Aluminum

Street Surface Gravel,Paved

Building

Dwelling Type Site Built

Foundation Slab

Sewer Septic Installed

Water City

Structure Type Aluminum,Concrete,Synthetic Stucco

New Construction false

Others

Senior Community false

Restrictions No Representation

Special Listing Condition Subject to Lease

Listed by Chris Gragtmans • Keller Williams Professionals • chris.gragtmans@kw.com

NEARBY SCHOOLS & PROPERTIES

This is the second house that we've purchased using Franklin's services. We've enjoyed working with him both times. He truly tries to help you find exactly what you are looking for. Franklin is very dedicated to his customer's needs, attentive to details, extremely knowledgeable and has great work ethics. And overall Franklin is a good guy. If you need to buy or sell property with minimal stress, I strongly recommend you call Franklin. "-

Iryna T.

+1(704) 904-5142

franklin@unlockingre.com

1800 Central Ave, Charlotte, NC, 28205, USA