101 Patton AveAsheville, NC 28801

Property Details for 101 Patton Ave

Year built

1936

Construction

BRICK

Lot size

0.13 AC

Property size (Sq ft)

10,725 SF

Zone code

DEED DATE: 2023-05-19 DEE

Property type

Office properties

Property subtype

Other office properties

APN

9649-30-0189-00000

APU

964930018900000

Description

This exceptional retail space, located at 101 Patton Avenue in Asheville, North Carolina, offers a unique opportunity for businesses seeking high visibility and foot traffic. The property, built in 1936 and zoned CBD (Central Business District) within Buncombe County, boasts a total of 10,276 square feet, with 4,596 square feet currently vacant. The existing space is a warm-shell "white box" condition, providing flexibility for tenant build-out to suit specific needs. The layout allows for potential demising to create units of approximately 1,000 square feet or larger, catering to a variety of business sizes. Situated on Patton Avenue, this location benefits from significant vehicle and pedestrian traffic due to its placement between the signalized intersections of Asheland and Coxe Avenues. The property enjoys prominent street frontage, ensuring excellent visibility for your business. Its central downtown location provides easy access to numerous shops, hotels, and restaurants, and is within walking distance of the vibrant South Slope District. This is an unparalleled opportunity to establish a presence in one of Asheville's most desirable commercial areas. The property is a single-tenant space, offering a unique and highly visible location for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $2,200,619

  6.5%

  $2,031,341

  7%

  $1,886,245

• Comparable approach

  Method

  Valuation

  Relative Method

  $882,989

  Geo Method

  $882,989

• Alternative Use

  Use

  Valuation

  Residential

  $2,518,863

  Hospitality

  $2,307,265

  Educational

  $1,919,617

  Medical

  $1,985,636

  Retail

  $2,986,071

Location Insight

City

Asheville

County

Buncombe

State

North Carolina

Latitude

35.5944

Longitude

-82.556

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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