Office/Flex Suite with Rooftop
For Sale
Contact for pricing
14 Ohenry Avenue #110, Asheville, NC 28801
Office suite includes five private offices and a large conference room, plus shared loading and freight elevator access.
Property Size1,939 SF
Price / SF$0.00
Days on Market105
Property Features for 14 Ohenry Avenue #110
General Information
Standard status
Active
Size
1,939 SF
Property subtype
Office
Lease Type
Modified Gross
Additional Details
Highway Access
Yes
Amenities
loading dock
freight elevator
shared rooftop deck
Level, Paved
Public Sewer
Additional parcels description:, Parcel Number: 9649-20-6556-00000, Assessed Value: $5.7048e+06, Zoning: CBD
Central Air
Central
Listing ID: CAR4405131, Standard Status: Active, MLS Status: Active, Property Subtype: Office, 6 days on market
Assigned, Parking Lot, Parking Space(s)
Storage Space
Built in 1939, Living area: 5371, 1 building
County/Parish: Buncombe
Elevation: 2000, City
2 total bathrooms
Electricity Connected, Water Source: City
Basement
Internet
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Security System, Smoke Detector(s)
Building Details
Building Size
1,939 SF
Year Built
1939
Listing Agency:
Likewise Commercial Real Estate
Listed By:
Carla Barnard · License #286709
(828) 222-3685
Source:
Blackstreaminternational
Added: Jul 22
Changed: Nov 1
Last Checked: Nov 3 at 8:19AM
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 Likewise Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ±5,371 SF office/flex suite is located within the historic Asheville Citizen-Times Building and is laid out for functional day-to-day operations. The suite features five private offices, a large conference room, two restrooms, and a kitchenette, with access to a vestibule. Building amenities available to the space include a loading dock and freight elevator, along with shared rooftop deck access.
The property is in Downtown Asheville and is adjacent to the Grove Arcade. It is approximately 0.5 mile from I-240 and about 3 miles from the I-26/I-40 interchange, with convenient access to Patton Avenue (US 23/70) and Merrimon Avenue (US 25).
The suite is offered for sale on a modified gross basis, with tenants responsible only for internet/phone and janitorial services.
The property is in Downtown Asheville and is adjacent to the Grove Arcade. It is approximately 0.5 mile from I-240 and about 3 miles from the I-26/I-40 interchange, with convenient access to Patton Avenue (US 23/70) and Merrimon Avenue (US 25).
The suite is offered for sale on a modified gross basis, with tenants responsible only for internet/phone and janitorial services.
Key Highlights
- ±5,371 SF office/flex suite in the historic Asheville Citizen‑Times Building (built 1939) in Downtown Asheville
- Includes five private offices and a large conference room, plus two restrooms and a kitchenette
- Access to shared vestibule, loading dock, and freight elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,649
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,992,980
$2.0M
Cap Rate 7%
$1,423,557
$1.4M
Cap Rate 9%
$1,107,211
$1.1M
Market Conditions
NOI Build-Up for 5,371 SF
Gross rent
$136.0K $25.32/SF
− Vacancy
−$3.1K −$0.58/SF
EGI
$132.9K $24.74/SF
− OpEx
−$33.2K −$6.18/SF
NOI
$99.6K $18.55/SF
Area
Buncombe County, NC
Vacancy
2.30%
Lease Rate
$25.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,992,980
Cap Rate 7%
$1,423,557
Cap Rate 9%
$1,107,211
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,649 @ 7.0% cap · market cap 524,468.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,887 @ 7.0% cap · market cap 625,721.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite includes five private offices and a large conference room, plus shared loading and freight elevator access.
Where is this office unit located?
The property is located at 14 Ohenry Avenue #110 Asheville, NC.
What are key features of this property?
This property features: ±5,371 SF office/flex suite in the historic Asheville Citizen‑Times Building (built 1939) in Downtown Asheville; Includes five private offices and a large conference room, plus two restrooms and a kitchenette; Access to shared vestibule, loading dock, and freight elevator
