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Two-Suite Office Space
New
For Lease
$25 SF/Yr

8 Magnolia Ave, Asheville, NC 28801

Separate office suites share a floor with common restrooms, a break bar, and on-site parking.

Space SizeContact for details
Days on Market3

Property Features for 8 Magnolia Ave

General Information

Standard status Active

Building Details

Year Built 1929
Listing Agency: GreyBeard Realty
Listed By: Bill Roberts · License #276443
Source: Lewisandkirk
Added: Sep 11 Last Checked: Sep 12 at 3:09PM

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 GreyBeard Realty

Investment Insights

Based on property information with market context.

Office space is offered in two noncontiguous suites on the same floor, providing a flexible configuration for businesses seeking separate work areas within one building. Suite B006 contains 850 square feet, while Suite G1 provides 900 square feet. Both suites have access to common restrooms and a break bar in the shared area.

The property is located at 8 Magnolia Avenue along Broadway Avenue, a few blocks from Downtown Asheville and next to the Greenway. On-site parking supports convenient daily access. The building was constructed in 1929.

Key Highlights

  • Two office suites on the same floor: Suite B006 is 850 square feet and Suite G1 is 900 square feet
  • Suites are noncontiguous, allowing separate office areas within the same building
  • Common restrooms and a break bar are located in the shared area

Property Analytics

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Current Use

Darby Communications Marketing & Advertising CharGrow Office Specialty Food Shop Kloesel Engineering Structural Engineer Active Care Chiropractic ... Alternative Medicine Practice Dr. Keith Silcox Alternative Medicine Practice

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Butcher Locksmith Tanning Salon Nursing Home

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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,970
Businesses Nearby

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
View Realmo Analytics

Market

Lease Benchmarks for Asheville, NC

$21.46 /SF/Yr
Avg Asking Price
$16–$35 /SF/Yr
Price Range
4,214 SF
Avg Space Size

This space is priced 16% above the average of $21.46 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Separate office suites share a floor with common restrooms, a break bar, and on-site parking.
Where is this office units located?
The property is located at 8 Magnolia Ave Asheville, NC.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Two office suites on the same floor: Suite B006 is 850 square feet and Suite G1 is 900 square feet; Suites are noncontiguous, allowing separate office areas within the same building; Common restrooms and a break bar are located in the shared area
More about this property
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