Courtyard Mixed-Use
New
For Sale
$1,475,000
219 Amboy Road, Asheville, NC 28806
Bar and café areas flank a central courtyard, with an upper-level commissary kitchen.
Property Size4,535 SF
Price / SF$325.25
Days on Market6
Property Features for 219 Amboy Road
General Information
Standard status
Active
Size
4,535 SF
Property subtype
Commercial
Zoning
RIV
Site & Location
Traffic Count
12,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Patio
Yes
Building Details
Building Size
4,535 SF
Year Built
1954
Buildings
2
Stories
2
Units
3
Listing Agency:
Trailblazer Realty LLC
Listed By:
Dean Pistor · License #149931
(828) 230-4222
Source:
Geoffcampbell
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:14PM
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 Trailblazer Realty LLC
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Investment Insights
Based on property information with market context.
This 4,535-square-foot mixed-use property was built in 1954 and is described as fully renovated. The main level has bar and café or kitchen areas divided by a central courtyard, plus a covered patio with a serving window. Rear space features 16-foot ceilings, three glass garage doors, and a raised floor area. An upper-level commissary kitchen includes a 3-bay sink, hand sink, dry storage, cooler areas, staff bathroom, and chef’s office. Exterior areas include an open patio, a boulder-ringed fire pit, a creekside yard, and onsite parking.
At the corner of Amboy Road and State Street, the property is across from Carrier Park and the French Broad River Greenway. Amboy Road connects Biltmore Village, the River Arts District, and West Asheville. The site is less than ½ mile from I-26, and the source reports 12,000+ cars daily. Zoning is listed as RIV. The property is offered for sale; NNN lease terms and subdivision are also noted.
At the corner of Amboy Road and State Street, the property is across from Carrier Park and the French Broad River Greenway. Amboy Road connects Biltmore Village, the River Arts District, and West Asheville. The site is less than ½ mile from I-26, and the source reports 12,000+ cars daily. Zoning is listed as RIV. The property is offered for sale; NNN lease terms and subdivision are also noted.
Key Highlights
- 4,535 square feet; built in 1954
- RIV zoning
- Across from Carrier Park and the French Broad River Greenway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,391
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,820
$1.3M
Cap Rate 7%
$905,586
$905.6K
Cap Rate 9%
$704,344
$704.3K
Market Conditions
NOI Build-Up for 4,535 SF
Gross rent
$86.0K $18.96/SF
− Vacancy
−$1.5K −$0.32/SF
EGI
$84.5K $18.64/SF
− OpEx
−$21.1K −$4.66/SF
NOI
$63.4K $13.98/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,820
Cap Rate 7%
$905,586
Cap Rate 9%
$704,344
Alternative Uses
Best Use
Specialty Retail
$905.6K
$792.4K – $1.06M
NOI $63,391 @ 7.0% cap · market cap 4.30%
Second Best
Mixed Use
$692.4K
$605.9K – $807.8K
NOI $48,468 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,382 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
305
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
305 visits/mo
0.0 miles
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Bar and café areas flank a central courtyard, with an upper-level commissary kitchen.
Where is this mixed-use property located?
The property is located at 219 Amboy Road Asheville, NC.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 4,535 square feet; built in 1954; RIV zoning; Across from Carrier Park and the French Broad River Greenway
