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    99999 Broadway St Asheville, NC 28801

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    For Sale
    $9,900,000

    Portfolio with 100% occupancy and fresh NNN leases.

    Property size:
    53,909 SF

    Property Features for 99999 Broadway St

    General Information

    Size
    53,909 SF

    Building Details

    Year built
    1919

    Source: Jim Davis Agent Jim Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Asheville Investment Opportunity

    This investment opportunity is located in downtown Asheville, NC, and includes 9 parcels and 7 buildings, encompassing nearly an entire city block. The property spans approximately 2 acres and contains 53,909 square feet. It features 100% occupancy with fresh NNN leases. Tenants include Withers Ravenel, Resurrection Studios, Stokers Studio Bicycles, DayTrip, Palmetto Dist., IncredMed, and Atomic Furnishings. The property is strategically positioned in a high-visibility area with strong traffic counts, ample parking, and exceptional accessibility. It is suitable for shopping centers, retail properties, office buildings, NNN properties, and specialty properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Similar Places Nearby

    Flat Iron Street Art, Miles Building, Coin Cloud Bitcoin ATM, Pack Square Collection, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.571652
    Latitude
    35.613893

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    FAQs

    What type of property is this?
    Shopping center - Portfolio with 100% occupancy and fresh NNN leases.
    Where is this shopping center located?
    The property is located at 99999 Broadway St Asheville, NC.
    What is the asking price?
    The asking price for this property is $9,900,000.
    What are key features of this property?
    This property features: - 100% Occupancy with Fresh NNN Leases: Provides immediate and stable income.; - Strong Cap Rate: Priced at $9,900,000 with a 7.2% cap rate.; - Prime Downtown Asheville Location: High-visibility area in a rapidly growing market.
    (330) 718-3311
    Request Owner's contact information
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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
    99999 Broadway St Asheville, NC 28801
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