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About This Home
This 0-bedroom, 1-bathroom single family at 130 Oakland Hill Drive in Etowah, NC is listed for $699,500. Built in 1965, on a 0.70 acres lot.
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 two bays, with immediate vacancy on one side - 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.
Key Features
- Built in 1965
- 0.70 acre lot
Property Details
Monthly Cost Estimate
$3,741/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
130 Oakland Hill Drive
Etowah, NC 28729
Property Details
Construction
Questions & Answers
This 0-bedroom, 1-bathroom single family at 130 Oakland Hill Drive is listed at $699,500. The estimated monthly payment is $3,031 based on 20% down at 6.5% interest.
Key features include: Built in 1965, 0.70 acre lot.
This property is listed by Chris Gragtmans and can be reached at 8649155780 or chris.gragtmans@kw.com.



