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    45 Asheland Ave Asheville, NC 28801

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    For Sale
    $575,000

    Commercial condo with long-term tenant in Asheville CBD.

    Property size:
    1,462 SF

    Property Features for 45 Asheland Ave

    General Information

    Size
    1,462 SF

    Building Details

    Year built
    2018

    Source: Terry Peterson Agent Terry Peterson

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

    Overview

    Asheville Commercial Condo Investment

    This commercial condominium, situated at street level within a 42-unit residential condominium building in the Asheville CBD, presents an investment opportunity. The property is currently occupied by a long-term food service tenant with a lease extending until 2027, with a 3-year option. The property size is 1462 square feet and offers a 7.25% CAP rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    YUM SUSHI BURRITO ... Sushi Restaurant 45 Asheland Condominium Complex Towns Property Management Real Estate Agency Platt Dental Studio Dental Clinic Platt Dental Studio ... Dentist

    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.

    Similar Places Nearby

    Biltmore Catering, Bun Intended, Whitt's Catering & Vending, Aunt Mary’s Catering Kitchen, appalachian occasions

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5565033
    Latitude
    35.5924488

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    FAQs

    What type of property is this?
    Restaurant - Commercial condo with long-term tenant in Asheville CBD.
    Where is this restaurant located?
    The property is located at 45 Asheland Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - High 7.25% CAP rate; - Long-term lease in place until 2027 with a 3-year option; - Located in the Asheville CBD
    (828) 216-5101
    Request Owner's contact information
    45 Asheland Ave 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
    45 Asheland Ave Asheville, NC 28801
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