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Extremely rare opportunity to purchase property currently housing the Jubilee Community Church on 2 levels totaling 10,725 SF in the heart of Downtown Asheville steps to the Grove Arcade, Pritchard Park and Harrah’s Cherokee Center & Thomas Wolfe Auditorium. Property is in the Central Business District so there is a wide array of potential commercial uses for the existing structure. The upper level has 65 feet of frontage on Wall Street with approximately 5850SF. The lower level has 65 ft of frontage on Patton Ave. with approximately 4875SF. The Lower level can be demised off and sold as a commercial condominium separately. The entrance to the property is directly across from the City owned Wall Street Parking garage with 475 parking stalls. The proximity to surrounding downtown businesses also makes this property ideal for other approved mixed-use redevelopment projects (zoned CBD). With minimal vertical development the property could take in substantial long-range mountain views.

Property Details
Price $5,200,000
Lot Size Area 0.13
Lot Size Area Units Acres
Property Type Commercial
MLS Sub type Commercial
Year Built 1936
Heating Central, MultiZone Heat
Accessibility Two or More Access Exits
Geographic Data
Directions The structures lower level is accessed from Patton Avenue while the second level is accessed at street level from Wall Street. Parking is available at the Wall Street parking garage directly northwest of the property and is accessed from Otis Street.
County Buncombe
Latitude 35.594284
Longitude -82.555959
Address Information
Address 101 Patton Avenue, Asheville, NC 28801
Postal Code 28801
City Asheville
State NC
Country United States
Listing Information
Listing Office NAI Allen Tate Beverly-Hanks Commercial
Listing Office Phone 828-210-3940
Listing Agent Jim Davis
Listing Agent Phone 330-718-3311
Special listing conditions None
Terms Cash, Conventional
Virtual Tour URL https://wncslideshows.com/3900620
MLS Information
Days on market 57
MLS Status Active
Listing Date Aug 31, 2022
Listing Last Modified Oct 27, 2022
Tax ID 9649-30-0189-00000
MLS # CAR3900620

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