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Corner Retail Space
For Lease
$40 SF/Yr NNN

5 Biltmore Plaza, Asheville, NC 28803

Open, flexible layout with prominent signage and generous display windows.

Space SizeContact for details
Days on Market42

Property Features for 5 Biltmore Plaza

General Information

Standard status Active

Building Details

Year Built 1929
Listing Agency: Likewise Commercial Real Estate
Listed By: Carla Barnard · License #286709
Source: Lewisandkirk
Added: Jul 21 Changed: Aug 30 Last Checked: Aug 25 at 5:01AM

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

Investment Insights

Based on property information with market context.

This 4,301-square-foot retail space occupies a corner position at 5 Biltmore Plaza in Asheville’s Biltmore Village. The interior provides an open, adaptable layout, while generous display windows and signage support storefront presentation. The space previously housed Bellagio Art to Wear and is offered under an NNN lease structure.

New Morning Gallery and the public parking lot in Biltmore Village are nearby. The surrounding district includes local and national retailers, food service, destination hotels, and the Biltmore Estate. Hendersonville Road, also designated US-25, is just off the property, with I-40 approximately 1 mile away, I-240 2 miles away, and I-26 less than 4 miles away. The building dates to 1929.

Key Highlights

  • 4,301 SF corner retail space at 5 Biltmore Plaza
  • Open, flexible interior with generous display windows
  • Highly visible signage supports storefront presentation

Property Analytics

Current Use

Bellagio Clothing Store Joyce Wilkerson (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm HVAC Service Auto Parts Store Electrical Service Big Box & Wholesale Store Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

1,121
Businesses Nearby
131k
Monthly Visits Nearby

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

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 55% 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 - Open, flexible layout with prominent signage and generous display windows.
Where is this retail space located?
The property is located at 5 Biltmore Plaza Asheville, NC.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: 4,301 SF corner retail space at 5 Biltmore Plaza; Open, flexible interior with generous display windows; Highly visible signage supports storefront presentation
More about this property
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