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    79 Asheland Ave Asheville, NC 28801

    Sponsored
    For Sale
    $1,750,000

    Downtown Asheville, Vacant, High Traffic

    Property size:
    1,648 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,648 square foot retail property at 79 Asheland Avenue in Asheville, North Carolina, presents a remarkable investment opportunity. Located on a highly visible corner lot (0.29 acres) in the Central Business District, this vacant building enjoys excellent vehicular and pedestrian traffic. Its prime location sits between the vibrant downtown core and the rapidly expanding South Slope district, offering proximity to numerous businesses, breweries, restaurants, and hotels. Built in 1943, the single-story structure features Art Deco-inspired details and offers significant potential for redevelopment. The property boasts central air conditioning, although the roof condition is currently unknown. The spacious lot allows for ample parking or the possibility of maximizing the site for a new build-to-suit project. This is a phenomenal opportunity to capitalize on the bustling energy of downtown Asheville and create a thriving business in a highly sought-after location. The asking price is $1,750,000. The property's zoning and potential uses should be verified independently. This property is zoned for convenience store, restaurant, and storefront uses.

    Property Features for 79 Asheland Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,648 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1943
    Stories
    1

    HighLights

    • Central AC cooling system
    • Roof condition unknown
    Property Profile Location Intelligence

    Current Use by Public Records

    HOT SPOT Convenience Store Jordan RL Food ... Food Store ATM (Jordan RL ... Food Store Coin Cloud Bitcoin ... Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5567482
    Latitude
    35.5914032

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Asheville, Vacant, High Traffic
    Where is this individual retail property located?
    The property is located at 79 Asheland Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Central AC cooling system; Roof condition unknown;
    Request Owner's contact information
    79 Asheland Ave Asheville, NC 28801
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    Asheville, NC 28801
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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
    79 Asheland Ave Asheville, NC 28801
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