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    Creative Space

    Asheville, NC Creative Space for Sale

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    Historic Creative Workspace in Asheville
    Updated: Apr 17
    Historic Creative Workspace in Asheville

    109 Roberts Street, Asheville, NC 28801

    $4,800,000
    20,800 sqft 0.32 AC lot
    Rare opportunity to acquire a historic, large (20,800+ sq ft) creative workspace building.
    Located in Asheville's River Arts District, a nationally recognized arts and tourism hub.
    Home to 35+ artists and creative businesses, demonstrating strong demand and income potential.
    Positioned in an active redevelopment corridor, adjacent to The Radical Hotel and near The Wedge Studios.
    Includes a parking lot across the street.
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    This listing looks promising.

    Here's a quick look at some key insights for

    109 Roberts Street, Asheville, NC 28801

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    • Est. Cap Rate

      8%
      Above avg (5.9%)

    • Est. NOI

      $386K
      Annual

    • Mortgage

      $2.81M
      Jan 2020

    • Last Sold

      Jan 2020
      $3.25M

    • Property Type

      Commercial (General)
      Built 1928
    View Property Analytics
    Historic Creative Workspace Building
    Updated: Apr 17
    Historic Creative Workspace Building

    109 Roberts Street, Asheville, NC 28801

    $4,800,000
    20,800 sqft
    5‑floor creative workspace building in Asheville’s River Arts District
    Built in 1928
    More than 20,800 SF across five floors
    Currently operates as a multi‑artist creative workspace with more than 35 artists and creative businesses
    Address: 109 Roberts Street; adjacent to The Radical Hotel
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Asheville, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Structure Retreat Compound
    Multi-Structure Retreat Compound

    248 Buckhorn Road, Gatlinburg, TN 37738

    $1,550,000
    10,640 sqft 1.48 AC lot

    Compound with a renovated main residence plus a separate penthouse apartment across multiple buildings on a wooded creek setting.

    View details
    Multi-Structure Estate Compound
    Multi-Structure Estate Compound

    248 Buckhorn Road, Gatlinburg, TN 37738

    $1,550,000
    10,640 sqft 1.48 AC lot

    Estate compound with multiple residences and creative buildings, including a renovated main home and standalone penthouse apartment.

    View details
    Remodeled Retail Building with Garage Door
    Remodeled Retail Building with Garage Door

    331 W Walnut Street, Johnson City, TN 37604

    $559,900
    3,500 sqft 0.08 AC lot

    Remodeled storefront building with brand-new HVAC, updated electrical, and rear loading access for flexible retail or creative use.

    View details
    Remodeled Retail Storefront with Loading
    Remodeled Retail Storefront with Loading

    331 W Walnut St, Johnson City, TN 37601

    $559,900
    3,500 sqft

    Remodeled storefront with brand-new HVAC, updated electrical, and rear alley garage door access for straightforward deliveries.

    View details

    Asheville, NC Creative Space Market Trends and Statistics

    Explore 2 creative space for sale in Asheville, NC on our real estate platform. These investment opportunities span a total of 41,600 square feet of properties for sale, with an estimated market value of $9,600,000.

    Sale prices for creative space in Asheville, NC start at $4,800,000, averaging $4,800,000, and reaching up to $4,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 52
    Medical Office Space 15
    Office buildings 13
    Creative space 5
    Coworking space 4

    Demographics Overview

    Population 139K
    Population Growth (5Y) +4.9%
    Median Household Income $66,351
    College Educated 33.1%

    High-Yield Neighborhoods for Investment

    Identify Asheville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    28806 $699K
    28801 $4.8M

    Taxes & Financing

    Tax Rate (average for all types) 0.91%
    Property Tax per SF $11.15 per SF
    Tax Rate vs County Average 0.06 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Buncombe County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Asheville fall within the 10,000 to 25,000 square foot range.

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