11 Church St Asheville, NC 28801
- Office Properties & Spaces
- 23,400 SF
- 0.22 lot acres
Current Use by Public Records
- First Bank - Downtown Asheville, NC / Mortgage Lender / Savings Bank
Property Details for 11 Church St
- Year built
- 1922
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.22 lot acres
- Property size
- 23,400 SF
- Zone code
- DEED DATE: 07/30/1962 DEE
- Property type
- Office Properties & Spaces
- APN
- 9649-30-7076-00000
- APU
- 964930707600000
Description
This exceptional investment opportunity presents a significant downtown Asheville commercial property encompassing six parcels totaling 0.78 acres. The centerpiece is a three-story former bank building at 11 Church Street, boasting substantial square footage. The first floor offers 8,725 square feet of space, mirrored by an equally expansive 8,725 square feet on the second floor. A sizable 7,765 square foot basement adds further versatility. In total, the building comprises 25,215 square feet of usable space. The property's strategic location in the heart of downtown Asheville ensures high visibility and accessibility. Beyond the main building, the sale includes several additional parcels, some designated as parking lots and one as a walkway, all contributing to the overall value and potential of this unique offering. The inclusion of a drive-thru at the main building adds a significant operational advantage. This property presents a rare chance to acquire a substantial, multi-parcel commercial holding in a thriving downtown area. The diverse parcel configuration allows for flexibility in development and utilization, making it an attractive proposition for a wide range of investors and developers. Serious inquiries are encouraged to explore the full potential of this remarkable asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5536
- Latitude
- 35.5941
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA