Street-Level Retail
188 Coxe Avenue, Asheville, NC 28801
For Sale
Contact for pricing
An open retail floor plan is paired with rear workroom space and a separate entrance on Collier Avenue.
Property Size1,950 SF
Price / SF$2.08
Days on Market50
Property Features for 188 Coxe Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Amenities
open flexible layout
showroom space
workroom space
Additional parcels description:, Parcel Number: 964837478700000, Assessed Value: $794,800, Zoning: CBD
Listing ID: CAR4426811, Standard Status: Active, MLS Status: Active, Property Subtype: Retail
Built in 1950
County/Parish: Buncombe
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
Year Built
Listing Agency:
Dewey Property Advisors
(828) 548-0090
Listed By:
Tim Bramley · License ##271946
(828) 424-1141
Source:
Blackstreaminternational
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 6:33AM
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 Dewey Property Advisors
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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 street-level retail space offers approximately 2,432 square feet, with an open main floor, polished concrete flooring, and a workroom at the rear. A secondary entrance provides access from Collier Avenue. The building dates to 1950.
The property is in downtown Asheville’s South Slope district, near retailers, galleries, restaurants, and breweries.
The property is in downtown Asheville’s South Slope district, near retailers, galleries, restaurants, and breweries.
Key Highlights
- Approximately 2,432 SF of street‑level retail space
- Open layout with polished concrete floors
- Rear workroom area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,516
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,320
$570.3K
Cap Rate 7%
$407,371
$407.4K
Cap Rate 9%
$316,844
$316.8K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$41.4K $17.04/SF
− Vacancy
−$705 −$0.29/SF
EGI
$40.7K $16.75/SF
− OpEx
−$12.2K −$5.03/SF
NOI
$28.5K $11.73/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,320
Cap Rate 7%
$407,371
Cap Rate 9%
$316,844
Alternative Uses
Best Use
Retail
$407.4K
$356.5K – $475.3K
NOI $28,516 @ 7.0% cap · market cap 562.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.0K
$672.9K – $897.2K
NOI $53,832 @ 7.0% cap · market cap 1,062.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,399
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Hotels & Casinos 29%
Apparel 18%
Beauty & Spa 6%
Citgo
Shops & Services
11,201 visits/mo
0.1 miles
Kimpton Hotel Arras
Hotels & Casinos
8,356 visits/mo
0.5 miles
Urban Outfitters
Apparel
7,425 visits/mo
0.5 miles
PNC Bank
Shops & Services
4,516 visits/mo
0.5 miles
Blo Blow Dry Bar
Beauty & Spa
2,599 visits/mo
0.1 miles
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
$481,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Asheville, NC
Properties on Market for Retail space in Asheville
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An open retail floor plan is paired with rear workroom space and a separate entrance on Collier Avenue.
Where is this retail space located?
The property is located at 188 Coxe Avenue Asheville, NC.
What are key features of this property?
This property features: Approximately 2,432 SF of street‑level retail space; Open layout with polished concrete floors; Rear workroom area
