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    11 Church St Asheville, NC 28801

    Sponsored
    For Sale
    $13,450,000

    Prime Location, 25,000+ SF, 0.78 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a significant downtown Asheville commercial property encompassing six parcels totaling 0.78 acres. The centerpiece is a three-story former bank building at 11 Church Street, boasting substantial square footage. The first floor offers 8,725 square feet of space, mirrored by an equally expansive 8,725 square feet on the second floor. A sizable 7,765 square foot basement adds further versatility. In total, the building comprises 25,215 square feet of usable space. The property's strategic location in the heart of downtown Asheville ensures high visibility and accessibility. Beyond the main building, the sale includes several additional parcels, some designated as parking lots and one as a walkway, all contributing to the overall value and potential of this unique offering. The inclusion of a drive-thru at the main building adds a significant operational advantage. This property presents a rare chance to acquire a substantial, multi-parcel commercial holding in a thriving downtown area. The diverse parcel configuration allows for flexibility in development and utilization, making it an attractive proposition for a wide range of investors and developers. Serious inquiries are encouraged to explore the full potential of this remarkable asset.

    Property Features for 11 Church St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    33,977 SF

    Building Details

    Year Built
    1922
    Property Profile Location Intelligence

    Current Use by Public Records

    First Bank - Downtown ... Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.55363
    Latitude
    35.59411

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Location, 25,000+ SF, 0.78 Acres
    Where is this office property / space located?
    The property is located at 11 Church St Asheville, NC.
    What is the asking price?
    The asking price for this property is $13,450,000.
    (828) 684-4344
    Request Owner's contact information
    11 Church St Asheville, NC 28801
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    Asheville, NC 28801
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    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
    11 Church St Asheville, NC 28801
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