0 Beds
n/a Full bath
52,505 SqFt
Active
Downtown Asheville, NC Redevelopment Opportunity. 11 N. Market St has been home to the Van Winkle Law Firm since 1987 following a certified historic tax credit rehabilitation. It was constructed as the Western Carolina Automobile Company by John Lange, who also developed the Langren Hotel in downtown Asheville and the Glen Rock Hotel in the River Arts District. Due to the scarcity of comparable downtown Asheville parcels available at any given point in time, there is a generational opportunity to redevelop this office building with a long, rich history along with two ideally located corner parcels. 3 parcels. 52,505 sf building to redevelop, 2 additional parcels each 0.14 acres. Located in small hotel overlay district <35 rooms. 145' height limit on 11 N. Market & 1 parcel. Other parcel 265' height limit. Desirable CBD zoning. Seller will consider a leaseback post closing as well as seller financing.
Property Details | ||
---|---|---|
Price | $10,000,000 | |
Lot Size Area | 0.52 | |
Lot Size Area Units | Acres | |
Acres | 0.52 | |
Property Type | Commercial | |
Sub type | OfficeSpace | |
MLS Sub type | Office | |
Stories | 4 | |
Year Built | 1931 | |
Roof | Concrete, Rubber | |
Heating | Central, Natural Gas | |
Foundation | Other - See Remarks | |
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 | |
Sub Agency Compensation Type | $ | |
Buyer Agency Compensation | 1.5 | |
Attribution Contact | jgold@gmproperty.com | |
Sub Agency Compensation | 0 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | None | |
Terms | Lease Back | |
MLS Information | ||
Days on market | 718 | |
MLS Status | Active | |
Listing Date | Apr 14, 2022 | |
Listing Last Modified | Apr 15, 2024 | |
Tax ID | 9649-40-4880-00000 | |
MLS # | CAR3849830 |
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This information is believed to be accurate, but without any warranty.