Property profile

101 Patton Ave Asheville, NC 28801

OFF-MARKET
Office Spaces
Property ID
US53-1617084
10,725 SF 0.13 ac lot Built 1936
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1936
Construction BRICK
Total area 10,725 SF
Lot 0.13 ac (5,663 SF)
Zoning code DEED DATE: 2023-05-19 DEE
APN 9649-30-0189-00000
UPID US53-1617084

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Construction Company

Location

101 Patton Ave Asheville, NC 28801
Asheville metro Census 100 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.77M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.58M

Owner & transaction history

since 2023
Last sale
$1.9M
2 recorded transactions
2023
$1.9M
2005
Price N/A

Zoning & alternative use

DEED DATE: 2023-05-19 DEE · Asheville, NC

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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