101 Patton Ave Asheville, NC 28801
- Office Properties & Spaces
- 10,725 SF
- 0.13 lot acres
Current Use by Public Records
- Asheville Pro Water Damage Services / Water Damage Restoration Service
Property Details for 101 Patton Ave
- Year built
- 1936
- Construction
- BRICK
- Lot size
- 0.13 lot acres
- Property size
- 10,725 SF
- Zone code
- DEED DATE: 2023-05-19 DEE
- Property type
- Office Properties & Spaces
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,575,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,775,000
- 6.5%
- $2,005,000
- 7%
- $1,805,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,115,000
- Geo Method
- $2,050,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,860,000
- Retail
- $1,530,000
- Mixed-Use
- $1,755,000
- Hospitality
- $1,800,000
- Educational
- $1,555,000
- Residential Income
- $1,670,000
- Energy
- $2,030,000
- Income-Based Land
- $2,055,000
- Food Service
- $1,650,000
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.556
- Latitude
- 35.5944
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
