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Mixed-Use Retail and Apartments
For Sale
$3,500,000

9-13 Broadway Street, Asheville, NC 28801

Fully leased historic property built in 1920, updated in 2024, with three ground-floor retail spaces and two apartments.

Property Size6,276 SF
Price / SF$557.68
Days on Market109

Property Features for 9-13 Broadway Street

General Information

Standard status Active
Size 6,276 SF
Total Parking Spaces 1
Property subtype Commercial
Zoning CBD
Occupancy 100%

Additional Details

Business Included Yes
Multifamily Units 2

Building Details

Building Size 6,276 SF
Year Built 1927
Year Renovated 2024
Buildings 2
Stories 2
Tenancy Multi
Listing Agency: Dewey Property Advisors
Listed By: Jay Lurie · License #192865
Source: Techrealtyllc
Added: May 8 Changed: Aug 24 Last Checked: Aug 23 at 1:32PM

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 Dewey Property Advisors

Investment Insights

Based on property information with market context.

This mixed-use, fully leased historic portfolio was built in 1920 and received updates in 2024. The property includes three ground-level retail spaces, one of which is a restaurant, along with two apartments. Current leases are described as stable, each with an option to renew.

Located in downtown Asheville, North Carolina, the building is positioned within an active retail environment in Buncombe County. The public remarks note the area added 164 retail establishments between 2024 and 2025, representing a +9.7% growth rate, and that downtown Asheville has reopened and is showing signs of recovery following Hurricane Helene.

From a practical layout standpoint, the property combines street-level retail frontage with residential units above, creating a diversified mix within one historic structure.

Key Highlights

  • Historic mixed‑use property built in 1920 with updates in 2024
  • Fully leased setup with two apartments plus three ground‑floor retail spaces
  • Includes three ground‑level retail spaces, one of which is a restaurant

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Locksmith Storage Facility 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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

5,310
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Fully leased historic property built in 1920, updated in 2024, with three ground-floor retail spaces and two apartments.
Where is this retail space located?
The property is located at 9-13 Broadway Street Asheville, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Historic mixed‑use property built in 1920 with updates in 2024; Fully leased setup with two apartments plus three ground‑floor retail spaces; Includes three ground‑level retail spaces, one of which is a restaurant
More about this property
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