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Class A Mixed-Use Complex
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1 Page Avenue, Asheville, NC 28801

Retail, restaurant, office, and residential spaces in downtown Asheville.

Days on Market146

Property Features for 1 Page Avenue

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 1927
Listing Agency:
Listed By: Sam Duncan · License #NC #359176
Source: Deweypa
Added: Mar 6 Changed: Jul 10 Last Checked: Jul 30 at 4:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sam Duncan

Investment Insights

Based on property information with market context.

The Grove Arcade is a nationally recognized, Class-A mixed-use complex featuring retail, restaurant, office, and residential spaces in downtown Asheville. With a Walk-Score of 92, it stands as an attractive Class A office location. The property benefits from high foot traffic, easy accessibility, on-site security and parking, and direct access to Restaurant Row. Retail and restaurant tenants benefit from the property's marketing team, which promotes tourism through various marketing channels. Office tenants benefit from strong signage and wayfinding. Constructed in 1915 by E.W. Grove, the Grove Arcade spans a city block on the west side of Downtown Asheville, directly off I-240 at Battery Park Drive, Page Avenue & O'Henry St. It anchors an area of downtown near restaurants, retailers, and historic structures including The Battery Park Apartments, Haywood Park Hotel, The Flat Iron Building and Wall Street. It is within 300 yards of five hotels: Hyatt Place, Indigo Hotel, Haywood Park Hotel, Cambria Suites, and Embassy Suites. On-site private parking with security is available for Grove Arcade tenants in the private underground deck, or surface parking at the Basilica (1 block away). Nearby public parking includes metered street parking, Wall Street Garage (232 Spaces), Rankin Garage (262 Spaces), and Civic Center Garage (550 Spaces).

Key Highlights

  • Premier Class‑A mixed‑use complex in downtown Asheville with retail, restaurant, office, and residential spaces.
  • Unbeatable location with a Walk Score of 92**, offering immediate access to Restaurant Row and downtown amenities.
  • High foot traffic and tourism driven by the property's dedicated marketing team.

Property Analytics

Current Use

Mission At the Grove Furniture & Home Goods Art Jetty, LLC Theater & Performing Art Venue Baba Nahm - Middle ... Restaurant Grove Arcade Business Service Center Asheville Proper Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Locksmith Storage Facility Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,099
Businesses Nearby
124k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 38% Shops & Services 22% Groceries 16% Office Supplies 9%
Whole Foods Market Groceries
20,347 visits/mo 0.4 miles
Shell Shops & Services
20,324 visits/mo 0.4 miles
Staples Office Supplies
11,125 visits/mo 0.4 miles
Cambria Hotel Downtown Asheville Hotels & Casinos
8,998 visits/mo 0.0 miles
Kimpton Hotel Arras Hotels & Casinos
8,356 visits/mo 0.3 miles

Demographics for 28801, NC

15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value

Market

Lease Benchmarks for Asheville, NC

$26.85 /SF/Yr
Avg Asking Price
$19–$40 /SF/Yr
Price Range
4,022 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail, restaurant, office, and residential spaces in downtown Asheville.
Where is this retail space located?
The property is located at 1 Page Avenue Asheville, NC.
What are key features of this property?
This property features: Premier Class‑A mixed‑use complex in downtown Asheville with retail, restaurant, office, and residential spaces.; Unbeatable location with a Walk Score of 92**, offering immediate access to Restaurant Row and downtown amenities.; High foot traffic and tourism driven by the property's dedicated marketing team.
More about this property
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