11 Church St Asheville, NC 28801
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.
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First Bank - Downtown Asheville, NC Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DEED DATE: 07/30/1962 DEE · Asheville, NCNo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.