Property profile

20 Artful Way Asheville, NC 28801

OFF-MARKET
Retail properties & Spaces
18,728 SF Built 2021
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 2021
Total area 18,728 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20 Artful Way Asheville, NC 28801
Asheville metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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