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Endcap Retail Space
For Lease
$28 SF/Yr

32 Banks Avenue, Asheville, NC 28801

Existing commercial kitchen, hood system, ADA restroom, and shared courtyard support a flexible retail setup.

Space Size1,777 SF
Days on Market54

Property Features for 32 Banks Avenue

General Information

Standard status Active
Size 1,777 SF
Property subtype Retail / Cafe
Lease Term NNN

Spaces For Lease

at 32 Banks Avenue Contact us

Suite 106 $28/SF/Yr

Size
1,777 SF
Type
Free Standing Building
Term
Negotiable
Contact us
Listing Agency:
Listed By: Tim Bramley, CCIM, SIOR · License #NC #271946
Source: Deweypa
Added: Jul 8 Changed: Aug 29 Last Checked: Aug 29 at 1:12PM

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 Tim Bramley, CCIM, SIOR

Investment Insights

Based on property information with market context.

This 1,777-square-foot endcap retail space at 32 Banks Avenue includes an existing commercial kitchen with a hood system, a bow-truss ceiling, and a dedicated ADA restroom. A shared outdoor courtyard adds usable exterior amenity space.

The property is in downtown Asheville’s South Slope, steps from the Ironwood Parking Deck. The surrounding area includes restaurants, breweries, retail businesses, and entertainment venues, placing the space within an active commercial setting.

Key Highlights

  • 1,777‑square‑foot endcap retail space
  • Existing commercial kitchen with hood system
  • Bow‑truss ceiling and dedicated ADA restroom

Property Analytics

Current Use

Edison Electricians of Asheville Electrical Service Empyrean Arts Training Center Chai Pani Asheville Restaurant Vortex Doughnuts Bakery Yalla Food Truck Restaurant

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store HVAC Service Locksmith Pet Grooming Service Butcher

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

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,399
Businesses Nearby
42k
Monthly Visits Nearby

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

Market

Lease Benchmarks for Asheville, NC

$25.82 /SF/Yr
Avg Asking Price
$18–$38 /SF/Yr
Price Range
7,619 SF
Avg Space Size

This space is priced 8% above the average of $25.82 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Existing commercial kitchen, hood system, ADA restroom, and shared courtyard support a flexible retail setup.
Where is this retail space located?
The property is located at 32 Banks Avenue Asheville, NC.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: 1,777‑square‑foot endcap retail space; Existing commercial kitchen with hood system; Bow‑truss ceiling and dedicated ADA restroom
More about this property
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