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Street-Level Retail Space in Asheville
For Lease
$30 SF/Yr

363 Hilliard Ave, Asheville, NC 28801

High-profile retail space in a prime Asheville location.

Space Size1,928 SF
Days on Market196

Property Features for 363 Hilliard Ave

General Information

Standard status Active
Size 1,928 SF
Property subtype Retail
Lease Term NNN

Spaces For Lease

at 363 Hilliard Ave
Retail Suite $30/SF/Yr
Size 1,928 SF
Type Street Retail
Term Negotiable
Contact us
Listed By: Tim Bramley, CCIM, SIOR · License #NC #271946
Source: Deweypa
Added: Mar 24 Changed: Sep 17 Last Checked: Oct 4 at 6:43AM

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 premier street-level retail space is located at The Avery, a Class-A residential project featuring 187 units with high-end finishes and amenities. Situated at the intersection of Clingman and Hilliard Avenues in Downtown Asheville, the retail space boasts 16.5 ft ceiling heights. It is adjacent to The Avery's co-working space and lounge, with convenient access to on-site retail parking off Hilliard Avenue. The location is proximal to the River Arts District, South Slope, and Aston Park, making it suitable for a retail user. Tenant improvement allowances are available. Project delivery is planned for August 2024.

Key Highlights

  • Premier street‑level retail space in The Avery, a Class‑A residential project.
  • Located in Downtown Asheville, proximal to the River Arts District and South Slope.
  • On‑site retail parking available.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Nail Salon HVAC Service

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
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,625
Businesses Nearby
26k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 67% Shops & Services 25% Home Improvements & Furnishings 8%
Embassy Suites By Hilton Asheville Downtown Hotels & Casinos
7,794 visits/mo 0.4 miles
PNC Bank Shops & Services
4,516 visits/mo 0.4 miles
DoubleTree by Hilton Hotels & Casinos
4,345 visits/mo 0.4 miles
Hotel Indigo Asheville Downtown Hotels & Casinos
3,619 visits/mo 0.5 miles
Downtown Inn Hotels & Casinos
1,856 visits/mo 0.4 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
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Market

Lease Benchmarks for Asheville, NC

$26.21 /SF/Yr
Avg Asking Price
$15.98–$40 /SF/Yr
Price Range
4,028 SF
Avg Space Size

This space is priced 14% above the average of $26.21 /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 - High-profile retail space in a prime Asheville location.
Where is this retail space located?
The property is located at 363 Hilliard Ave Asheville, NC.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Premier street‑level retail space in The Avery, a Class‑A residential project.; Located in Downtown Asheville, proximal to the River Arts District and South Slope.; On‑site retail parking available.
More about this property
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