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    20 Artful Way Asheville, NC 28801

    Sponsored
    For Lease
    $83 SF/Yr

    Asheville's vibrant River Arts District gem.

    Lot size:
    18,728 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stunning Class A, four-story creative office building, completed in 2021, offers 18,728 square feet of versatile space in Asheville's desirable River Arts District submarket. The building features 40 suites, currently offering at least one available space of 215 square feet, perfect for a variety of businesses. Its unique design incorporates a mix of creative office spaces on the second floor, street-level retail and gallery spaces, and 26 studio apartments on the upper two floors, creating a dynamic 24/7 environment. The 0.43-acre lot provides ample space, while the building boasts six parking spaces and elevators for convenient access. The RAD-NT zoning allows for a range of uses, making this property an exceptional investment opportunity. The building's modern design and prime location within the thriving River Arts District ensure high visibility and attract a diverse clientele. This locally-owned and operated building is a testament to the area's artistic and entrepreneurial spirit, offering a unique blend of residential and commercial spaces. The building's innovative design fosters a collaborative and vibrant atmosphere, ideal for businesses seeking a creative and inspiring workspace. The property's multiple tenancy structure provides flexibility for various business needs. This is a rare opportunity to secure space in a highly sought-after location.

    Property Features for 20 Artful Way

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,728 SF
    Class
    A
    Total Rate
    130222.03

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 223
    Size
    215 SF
    Rate per SF
    $83

    HighLights

    • Class A, 18,728 SF creative office and retail building built in 2021.
    • Four‑story building with 40 suites and 6 parking spaces.
    • Located in Asheville's River Arts District submarket, zoned RAD‑NT.
    • One 215 SF office space currently available for lease.
    • Features elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.56592659994
    Latitude
    35.586198109162

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    FAQs

    What type of property is this?
    Office space - Asheville's vibrant River Arts District gem.
    Where is this office space located?
    The property is located at 20 Artful Way Asheville, NC.
    What is the lease rate?
    The lease rate is $83 SF/Yr.
    What are key features of this property?
    This property features: Class A, 18,728 SF creative office and retail building built in 2021.; Four-story building with 40 suites and 6 parking spaces.; Located in Asheville's River Arts District submarket, zoned RAD-NT.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Artful Way Asheville, NC 28801
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