Corner Retail Suite with Display
For Sale
Contact for pricing
5 Biltmore Plaza, Asheville, NC 28803
Bright, open 4,301 SF corner space with generous display windows and visible signage in Biltmore Village.
Property Size1,929 SF
Price / SF$0.01
Days on Market104
Property Features for 5 Biltmore Plaza
General Information
Standard status
Active
Size
1,929 SF
Property subtype
Retail
Amenities
Level, Paved
Public Sewer
Additional parcels description:, Parcel Number: 9648-60-5088-00000, Assessed Value: $405,900
Concrete
Central Air
Central
Listing ID: CAR4403788, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, 97 days on market
Other Parking: On street parking and nearby parking garages., On Street
Display Window(s)
Built in 1929, Living area: 4301, 1 building
County/Parish: Buncombe
Elevation: 1500
2 total bathrooms
Electricity Connected, Water Source: City
All Utilities
Frontage Type: City Street, Interstate 1 mile or Less, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Awning(s)
Security System
Building Details
Building Size
1,929 SF
Year Built
1929
Listing Agency:
Likewise Commercial Real Estate
Listed By:
Carla Barnard · License #286709
(828) 222-3685
Source:
Blackstreaminternational
Added: Jul 16
Changed: Oct 27
Last Checked: Oct 26 at 2:25PM
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 Likewise Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,301 SF corner retail suite offers a bright, open, flexible layout with highly visible signage and generous display windows. The space is described as formerly housing Bellagio Art to Wear and is positioned as a flexible storefront for a range of destination retail concepts.
Located at 5 Biltmore Plaza in Biltmore Village, the property sits near New Morning Gallery and is adjacent to the only public parking lot in Biltmore Village, supporting pedestrian activity at this corner. The location is described as walkable within one of Asheville’s most recognizable retail destinations.
The offering is structured as an NNN property for sale, with regional road access noted via proximity to Hendersonville Road (US-25), I-40, I-240, and I-26.
Located at 5 Biltmore Plaza in Biltmore Village, the property sits near New Morning Gallery and is adjacent to the only public parking lot in Biltmore Village, supporting pedestrian activity at this corner. The location is described as walkable within one of Asheville’s most recognizable retail destinations.
The offering is structured as an NNN property for sale, with regional road access noted via proximity to Hendersonville Road (US-25), I-40, I-240, and I-26.
Key Highlights
- 4,301 SF corner retail space in Biltmore Village with bright, open, flexible layout
- Generous display windows and highly visible signage for destination retail visibility
- Formerly Bellagio Art to Wear; suitable for boutique retail, apparel, home furnishings, specialty goods, galleries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,430
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,600
$1.0M
Cap Rate 7%
$720,429
$720.4K
Cap Rate 9%
$560,333
$560.3K
Market Conditions
NOI Build-Up for 4,301 SF
Gross rent
$73.3K $17.04/SF
− Vacancy
−$1.2K −$0.29/SF
EGI
$72.0K $16.75/SF
− OpEx
−$21.6K −$5.03/SF
NOI
$50.4K $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%
$1,008,600
Cap Rate 7%
$720,429
Cap Rate 9%
$560,333
Alternative Uses
Best Use
Retail
$720.4K
$630.4K – $840.5K
NOI $50,430 @ 7.0% cap · market cap 126,075.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,202 @ 7.0% cap · market cap 238,005.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
131k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 19%
Hotels & Casinos 12%
Home Improvements & Furnishings 3%
Texas Roadhouse
Dining
40,179 visits/mo
0.4 miles
Starbucks
Dining
19,253 visits/mo
0.3 miles
Shell
Shops & Services
19,241 visits/mo
0.3 miles
Arby's
Dining
10,490 visits/mo
0.2 miles
Bruegger's
Dining
7,184 visits/mo
0.2 miles
Demographics for 28803, NC
34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Memorial Campus Gift Shop — 509 Biltmore Ave, Asheville, NC 28801
Frequently Asked Questions
What type of property is this?
Storefront property - Bright, open 4,301 SF corner space with generous display windows and visible signage in Biltmore Village.
Where is this storefront property located?
The property is located at 5 Biltmore Plaza Asheville, NC.
What are key features of this property?
This property features: 4,301 SF corner retail space in Biltmore Village with bright, open, flexible layout; Generous display windows and highly visible signage for destination retail visibility; Formerly Bellagio Art to Wear; suitable for boutique retail, apparel, home furnishings, specialty goods, galleries
