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), 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.
Property Features
Property Type: Commercial - Business
Fenced: Yes
Lot Size: 0.70 Acres
Roof Type: Aluminum
Year Built: 1965
Feature Descriptions
Days on Site: 4
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: Doug Sutherland / Dunrobin Sutherland, an affiliate of Lake Norman Realty
Agent Phone: (704) 614-2341
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 dougs.lakenormanrealty.com today.