109 Roberts Street, Asheville, NC 28801
Five-floor building in Asheville’s River Arts District, currently operating as a multi-artist creative workspace.
- Added:
- Apr 17, 2026
- Days on Market:
- 72
- Last Refresh:
- Jun 27 at 3:52 am
Property Features for 109 Roberts Street
General Information
- Standard status
- Active
- Size
- 20,800 SF
Building Details
- Year Built
- 1928
Listing office The Real Estate Center
Listing date Apr 17, 2026
Source Carolinamtnrealty
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 The Real Estate Center
HighLights
- 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
- Includes the parking lot across the street on the corner
Overview
The building is located at 109 Roberts Street in Asheville’s River Arts District. It is described as adjacent to The Radical Hotel and positioned between The Radical Hotel and The Wedge Studio’s. The sale also includes a parking lot across the street on the corner.
This offering is best suited for buyers seeking an established creative workspace footprint with multiple artist tenants in place and the added convenience of included off-site parking. The building’s five-floor configuration supports a range of studio uses for creative and office users that fit within a dedicated, arts-oriented environment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $526.7k | $25.32 |
| − Vacancy | −$12.1k | −$0.58 |
| EGI | $514.5k | $24.74 |
| − OpEx | −$128.6k | −$6.18 |
| NOI | $385.9k | $18.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.567018
- Latitude
- 35.586995
