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$699,500
Est. payment /mo
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), two contractor garages, 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.
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
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© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Chris Gragtmans • Keller Williams Professionals • chris.gragtmans@kw.com
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Latoya Dillard
BROKER/REALTOR® | License ID: NC 290622; SC 114025
BROKER/REALTOR® License ID: NC 290622; SC 114025