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Downtown Asheville Corner Retail Building
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79 Asheland Ave, Asheville, NC 28801

Prime downtown location with high visibility and development potential.

Property Size1,648 SF
Price / SF$1,061
Days on Market1565

Property Features for 79 Asheland Ave

General Information

Standard status Active
Size 1,648 SF
Property subtype Retail
Zoning CBD

Building Details

Year Built 1943
Listing Agency: Preferred Properties
Listed By: Joye Steele · License #NC 261885
Source: Crexi
Added: May 11, 2022 Changed: Aug 21 Last Checked: May 12 at 9:57PM

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 Preferred Properties

Investment Insights

Based on property information with market context.

Located on the corner of Asheland and Hillard Avenues in Asheville's Central Business District, this 1,648-square-foot building offers a prime location with high visibility. The property sits along the corridor between downtown and the South Slope district, benefiting from excellent vehicular and foot traffic. It is in close proximity to existing businesses, breweries, restaurants, and hotels, and adjacent to new developments. The building, featuring Art Deco-inspired details, has the potential to be transformed into a variety of uses with space for parking, or the lot can be maximized for a build-to-suit project.

Key Highlights

  • Prime corner location at the intersection of Asheland and Hillard Avenues in downtown Asheville's Central Business District.
  • High visibility and excellent vehicular and foot traffic.
  • Situated between downtown and the South Slope district.

Property Analytics

Current Use

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

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Locksmith Tanning Salon

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

4,652
Businesses Nearby
76k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 49% Shops & Services 23% Dining 12% Apparel 10%
Citgo Shops & Services
11,201 visits/mo 0.4 miles
Cambria Hotel Downtown Asheville Hotels & Casinos
8,998 visits/mo 0.3 miles
Kimpton Hotel Arras Hotels & Casinos
8,356 visits/mo 0.4 miles
Embassy Suites By Hilton Asheville Downtown Hotels & Casinos
7,794 visits/mo 0.4 miles
Mellow Mushroom Dining
7,714 visits/mo 0.5 miles

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Prime downtown location with high visibility and development potential.
Where is this storefront 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: Prime corner location at the intersection of Asheland and Hillard Avenues in downtown Asheville's Central Business District.; High visibility and excellent vehicular and foot traffic.; Situated between downtown and the South Slope district.
(828) 808-1381 Call to check price and availability
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