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Property profile & analytics
FOR LEASE
Strip malls

1001 Patton Ave Asheville, NC 28806

134,354 SF 17.37 ac lot Built 1967
Entity Owned 7-yr Hold Free & Clear
Property ID
US53-1241878
Property summary
AI-generated overview

This exceptional commercial property, located at 1001 Patton Avenue in Asheville, North Carolina, presents a unique opportunity for a single-tenant user. The building boasts a substantial 93,827 square feet of vacant retail space, offering significant potential for a large-scale operation or a business requiring extensive space. Situated in Buncombe County, with a zip code of 28806, this property enjoys a highly visible street-level location, ideal for maximizing brand exposure and attracting customers. The property's size and layout provide flexibility for a variety of retail concepts, allowing for customization to meet specific business needs. Given its substantial square footage and prime location in Asheville, this property represents a rare opportunity to establish a significant retail presence in a thriving market. The address is easily accessible, offering convenient access for both customers and employees. The entire building is currently vacant, providing a blank canvas for a new tenant to create their ideal retail environment. This is an exceptional opportunity for a business seeking a large, high-visibility space in a desirable location. Further details regarding the property's specifications and potential are available upon request.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 134,354 SF
Lot 17.37 ac (756,637 SF)
Zoning code DEED DATE:07/23/2019 DEED
APN 9638-28-5358-00000
UPID US53-1241878
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sears Heating and Air Conditioning HVAC Service General Contractor
  • William Chapman Pharmacy
  • George Etheredge Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.19M
Blend (final) Blend
$11.19M
Owner & transaction history
Ingles Patton Ave Exchange LLC · 7 yrs held
Ingles Patton Ave Exchange LLC
since 2019
4 recorded transactions
2019
Price N/A
2019
$8.5M
2009
Price N/A
2008
Price N/A
Zoning & alternative use
DEED DATE:07/23/2019 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Chapter 7 DEVELOPMENT
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