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Rare investment opportunity in downtown Asheville, NC! This portfolio offers nearly an entire city block with 9 parcels, 7 buildings. Spanning nearly 2 acres and ±53,909 SF, the property boasts 100% occupancy with fresh NNN leases. Tenants include established businesses such as Withers Ravenel, Resurrection Studios, Stokers Studio Bicycles, DayTrip, Palmetto Dist., IncredMed and Atomic Furnishings. Strategically positioned in a high-visibility area with strong traffic counts, the portfolio also provides ample parking and exceptional accessibility. Priced at $9,900,000 with a 7.2% cap rate, this is an unparalleled chance to own a thriving downtown investment in one of the Southeast's hottest markets!

Property Details
Price $9,900,000
Lot Size Area 1.77
Lot Size Area Units Acres
Property Type Commercial
Sub type Retail
MLS Sub type Retail
Year Built 1919
View City
Accessibility Two or More Access Exits, Elevator, Handicap Parking
Lot Description Corner Lot, End Unit, Level, Paved
Parking Description On Street, Parking Lot, Parking Space(s)
Geographic Data
Directions Heading north on Broadway from I-240, properties on the east side of the road.
County Buncombe
Latitude 35.604623
Longitude -82.560084
Address Information
Address 99999 Broadway Street, 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
Attribution Contact jdavis@naibeverly-hanks.com
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Subject to Lease, None
Terms Cash, Conventional, Exchange
MLS Information
Days on market 0
MLS Status Active
Listing Date Feb 3, 2025
Listing Last Modified Feb 3, 2025
Tax ID 964932534400000
MLS # CAR4219218

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