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5858 Old Hendersonville Hwy 840 SF Specialty Building Offered at $460,356 CAD at a 4.92% Cap Rate in Penrose, NC 28766
Executive Summary
Commercial building available just 0.15 miles from the Ecusta Trail. Currently operating as the Penrose Post Office with a leas in place until May 21, 2030, this building offers a decent ROI while the Ecusta Trail is being constructed. Highest and best use is likely to be a business that caters to users of the trail after the Post Office lease expires. HVAC system replaced 2 months ago. Metal roof installed 18 months ago and commercial grade vinyl plank flooring was installed 3 years ago. Great opportunity for an investor who wants to get an ROI while the property appreciates as the Ecusta Trail nears completion.
*Actual building footprint is closer to 1100sq ft per property records, but the PO lease is for 840sq ft.
*Actual building footprint is closer to 1100sq ft per property records, but the PO lease is for 840sq ft.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $460,356 CAD | Lot Size | 0.60 AC |
| Price Per SF | $548.04 CAD | Building Size | 840 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 4.92% | Year Built | 1975 |
| Property Type | Specialty | Parking Ratio | 19.05/1,000 SF |
| Property Subtype | Post Office | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | None | ||
| Price | $460,356 CAD |
| Price Per SF | $548.04 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.92% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 840 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Parking Ratio | 19.05/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | None |
Amenities
- Property Manager on Site
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 9517-33-5927-000 | Improvements Assessment | $276,681 CAD |
| Land Assessment | $177,060 CAD | Total Assessment | $453,741 CAD |
Property Taxes
Parcel Number
9517-33-5927-000
Land Assessment
$177,060 CAD
Improvements Assessment
$276,681 CAD
Total Assessment
$453,741 CAD
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5858 Old Hendersonville Hwy
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