11 Market St Asheville, NC 28801

This exceptional redevelopment opportunity presents a unique chance to acquire a 52,505-square-foot, four-story Class B office building situated in Asheville's vibrant Central Business District (CBD). Located at 11 N Market St, this property boasts a rich history, having served as the Western Carolina Automobile Company since 1931, and more recently, the Van Winkle Law Firm since 1987. The building, constructed in 1931, currently enjoys 100% occupancy. The asking price is $10,000,000, translating to $190.46 per square foot. This offering includes not only the existing building but also two additional parcels, each spanning 0.14 acres, providing significant expansion potential. The property is zoned for CBD use and is situated within a small hotel overlay district, opening up diverse development possibilities. This is a rare chance to acquire a substantial property in a highly sought-after downtown Asheville location, offering a generational opportunity for redevelopment. The single-tenant building presents a unique opportunity for adaptive reuse or complete redevelopment, capitalizing on the prime location and the building's historical significance. The three parcels offer a combined area of significant size, allowing for a large-scale project. This is a compelling investment for those seeking a high-impact project in a thriving North Carolina market. The Buncombe County location, with APN 9649-40-4880-00000, ensures easy access to property records and facilitates a smooth transaction.