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Downtown Asheville Redevelopment Opportunity
For Sale
$725,000

93 Broadway Street, Asheville, NC 28801

Redevelopment opportunity in the heart of North Lexington Avenue district.

Property SizeContact for details
Lot Size0.15 Acres
Days on Market193

Property Features for 93 Broadway Street

General Information

Standard status Active
Lot size 0.15 Acres
Property subtype Commercial

Amenities

No
Building
0.15
Paved
Publicly Maintained Road

Building Details

Year Built 1950
Listing Agency: Howard Hanna Beverly-Hanks Asheville-Downtown
Listed By: Regina Coulomb
Source: Cdanjoyner
Added: Mar 11 Changed: Sep 19 Last Checked: Sep 19 at 7:08AM

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 Howard Hanna Beverly-Hanks Asheville-Downtown

Investment Insights

Based on property information with market context.

This property presents a redevelopment opportunity in downtown Asheville, situated at the intersection of Woodfin and Broadway, behind the Lazy Diamond and a half-block from the 240 Connector. The property features a block building with a rollup door, offering a versatile space for redevelopment. It occupies a 0.15-acre corner lot in the North Lexington Avenue district. Potential uses include a bar, food service establishment, or a small warehouse. The county records indicate a build date of 1985, but this information is not accurate. Owner financing is a possibility at commercial lending rates.

Key Highlights

  • Prime downtown Asheville location at the intersection of Woodfin and Broadway, near popular establishments and the 240 Connector.
  • .15 Acre corner lot in the heart of the North Lexington Avenue district.
  • Owner financing is a possibility at commercial lending rates.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store HVAC Service Barber Shop Locksmith 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.

Location Intelligence

Trade Area within ½ mile

5,260
Businesses Nearby
Balanced
Demand for This Use

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

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Redevelopment opportunity in the heart of North Lexington Avenue district.
Where is this flex space located?
The property is located at 93 Broadway Street Asheville, NC.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime downtown Asheville location at the intersection of Woodfin and Broadway, near popular establishments and the 240 Connector.; .15 Acre corner lot in the heart of the North Lexington Avenue district.; Owner financing is a possibility at commercial lending rates.
More about this property
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