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CBD-Zoned Office Building
For Lease
$24 SF/Yr NNN

175 Patton Avenue, Asheville, NC 28801

The owner is seeking a tenant for the entire property, with potential availability for larger sections.

Space SizeContact for details
Days on Market194

Property Features for 175 Patton Avenue

General Information

Standard status Active
Zoning CBD
Lease Type NNN

Space & Availability

Space Use Office
Sublease No

Additional Details

Utilities to Site Yes

Building Details

Year Built 1928
Listing Agency: Tessier Associates
Listed By: Stoner Giltz · License #4290430
Source: Dylerealestate
Added: Apr 14 Changed: Oct 24 Last Checked: Oct 23 at 4:44PM

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 Tessier Associates

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Investment Insights

Based on property information with market context.

This office property at 175 Patton Avenue dates to 1928 and is zoned CBD. The owner’s stated leasing plan is for the building as a whole, though larger portions may also be considered. Lease terms are NNN, and tenants are responsible for utilities.

The property is in Asheville’s downtown commercial area, along a corridor with restaurants, retail, galleries, and offices. Nearby parking options are available.

Key Highlights

  • 1928 construction
  • CBD zoning
  • Owner intends to lease the entire building; larger sections may also be considered

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Locksmith Tanning Salon Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,064
Businesses Nearby

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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Market

Lease Benchmarks for Asheville, NC

$22.93 /SF/Yr
Avg Asking Price
$18–$25.44 /SF/Yr
Price Range
5,288 SF
Avg Space Size

This space is priced 5% above the average of $22.93 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - The owner is seeking a tenant for the entire property, with potential availability for larger sections.
Where is this office building located?
The property is located at 175 Patton Avenue Asheville, NC.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 1928 construction; CBD zoning; Owner intends to lease the entire building; larger sections may also be considered
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