Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    53 Asheland Ave Asheville, NC 28801

    Under Contract
    For Sale
    $1,745,000

    SINGLE_FAMILY - Asheville, NC

    Type:Office
    Days on Market:
    80
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 53 Asheland Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active Under Contract
    Zoning
    CBD
    APN
    Multiple - See Remarks
    Parking features
    Parking Lot

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Floors in Building
    1
    Number of units
    3
    Building materials
    Hard Stucco
    Roof type
    Flat

    Keller Williams Professionals (828) 254-7253 [email protected]

    Listing agent Chris Gragtmans (864) 915-5780

    Listing date Sep 27, 2025

    MLS# 4166329 Listing URL

    Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Asheville Investment Opportunity For Sale

    This fully-leased condo portfolio presents a passive investment opportunity in downtown Asheville, North Carolina. Situated in the heart of the thriving South Slope neighborhood, the property features abundant parking, secure, zero grade entry, and strong monument sign visibility on Asheland Avenue and Grove Street. The property is currently occupied by long-term tenants including the State of NC (Mountain Area Workforce Development Board), and the non-profit Buncombe County Partnership for Children. Condos 102A, 104, and 105 are offered together at a 7.78% capitalization rate on blended and stabilized net rent.
    Location Intelligence

    Current Use by Public Records

    Design One Marketing Agency Troy Flack Group ... Real Estate Agency Pisgah Energy Solar Energy Company Rockstar Life Realty Real Estate Agency Madison Insurance Group Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    WNC Business IT Solutions, Tech House, Illumin8 Cyber Security, Level Software, Advanced Data & Network Solutions

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.556992
    Latitude
    35.591972

    Nearby Similar for Sale

    • $984,000
      0.31 Acres

      Updated Arts & Crafts Home

      Updated 1919 home with rental potential in Asheville.
      135 Westwood Pl, Asheville, NC 28806
      View Details
    • New
      $642,000
      0.42 Acres

      Asheville Multifamily with Rental Income

      Two homes on a corner lot with rental potential.
      75 Cisco Rd, Asheville, NC 28805
      View Details
    • $1,900,000
      1.38 Acres

      Asheville Tudor Home with Cottages

      Forested urban estate with Tudor home and guest cottages.
      108 Lakewood Dr, Asheville, NC 28803
      View Details
    • $639,000
      0.29 Acres

      West Asheville Multifamily Investment Opportunity

      Three units in two homes near Haywood Road corridor.
      17 Hubbard Ave, Asheville, NC 28806
      View Details
    • $1,100,000
      Pending

      Historic Home in Montford Neighborhood

      Updated historic home with garden in desirable Asheville neighborhood.
      44 Watauga St, Asheville, NC 28801
      View Details
    • $799,000
      0.16 Acres

      Remodeled Duplex in Historic Montford

      Modern duplex in Asheville's sought-after Montford neighborhood.
      162 Courtland Pl, Asheville, NC 28801
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Fully leased condo portfolio in downtown Asheville's South Slope.
    Where is this office property / space located?
    The property is located at 53 Asheland Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $1,745,000.
    What are key features of this property?
    This property features: - 7.78% capitalization rate on blended and stabilized net rent.; - Fully-leased condo portfolio in downtown Asheville's South Slope.; - Long-term leases with State of NC and Buncombe County Partnership for Children.
    (864) 915-5780
    Request Owner's contact information
    53 Asheland Ave Asheville, NC 28801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    53 Asheland Ave
    Asheville, NC 28801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    53 Asheland Ave Asheville, NC 28801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.