0 Beds

n/a Full bath

52,505 SqFt

Active

VWLF will commit to a longterm triple net lease of a newly constructed single- or multi-tenant building on the Langren Alley lot and of the Lawyers Walk lot, which will continue to provide client parking. While the new building is being designed, permitted and constructed, VWLF will lease back the entirety of its existing location at 11 N. Market Street on a triple net basis. This structure allows the purchaser to concurrently design and secure building permits to redevelop 11 N. Market Street while the building is fully leased to VWLF and cash flowing. Once VWLF occupies the new building, the short term leaseback of 11 N. Market Street will terminate and the purchaser can seamlessly commence redevelopment. 3 parcels/3 PINs.

Property Details
Price $15,095,475
Lot Size Area 0.52
Lot Size Area Units Acres
Property Type Commercial
MLS Sub type Commercial
Year Built 1931
Roof Concrete, Rubber
Heating Central, Natural Gas
Foundation Slab
Accessibility Elevator
Geographic Data
Directions Located downtown Asheville, NC
County Buncombe
Latitude 35.596237
Longitude -82.551182
Address Information
Address 11 N Market Street, Asheville, NC 28801
Postal Code 28801
City Asheville
State NC
Country United States
Listing Information
Listing Office G/M Property Group
Listing Office Phone 828-281-4024
Listing Agent Jeremy Goldstein
Listing Agent Phone 828-281-4024
Special listing conditions None
Terms Lease Back
MLS Information
Days on market 60
MLS Status Active
Listing Date Apr 14, 2022
Listing Last Modified Jun 13, 2022
Tax ID 9649-40-4880-00000
MLS # CAR3849830

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This information is believed to be accurate, but without any warranty.