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    9 Reed St Asheville, NC 28803

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    For Sale
    $3,600,000

    Industrial property for hospitality or mixed-use redevelopment in Biltmore Village.

    Property size:
    2 SF
    Lot size:
    2.37 Acres

    Property Features for 9 Reed St

    General Information

    Size
    2 SF
    Lot size
    2.37 Acres

    Building Details

    Year built
    1921

    Source: Mark Morris, CCIM Agent Mark Morris, CCIM

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

    Overview

    Biltmore Village Redevelopment Opportunity

    This 2.34-acre industrial property presents a redevelopment opportunity adjacent to the historic Biltmore Village District. The site, though currently affected by floodplain/floodway conditions, offers potential under the 50% rule, with an approximate 45,000 square foot building footprint. The property is suited for hospitality or select mix-use redevelopment. Options include surface parking to minimize ground penetration and rise-above parking with engineered columns to maximize the horizontal plane. The location is a hub for retail, hospitality, and lifestyle amenities, with walkable access to Biltmore Village. The site is suitable for hospitality or select mix-use redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reed St. Lot Parking Lot The Track at Asheville Bar Dwellings Furniture Store Ambiente Modern Furniture Furniture Store Smith Shibori Michael Business Management Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.539744
    Latitude
    35.566964

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    FAQs

    What type of property is this?
    Land - Industrial property for hospitality or mixed-use redevelopment in Biltmore Village.
    Where is this land located?
    The property is located at 9 Reed St Asheville, NC.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - Rare redevelopment opportunity in Biltmore Village area.; - Large ~45,000 SF building footprint.; - Located adjacent to the historic Biltmore Village District.
    (828) 674-4350
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    9 Reed St Asheville, NC 28803
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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
    9 Reed St Asheville, NC 28803
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