You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Office Spaces

11 Church St Asheville, NC 28801

23,400 SF 0.22 ac lot Built 1922
Entity Owned Free & Clear
Property ID
US53-2081886
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1922
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 23,400 SF
Lot 0.22 ac (9,583 SF)
Zoning code DEED DATE: 07/30/1962 DEE
APN 9649-30-7076-00000
UPID US53-2081886
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
  • First Bank - Downtown Asheville, NC Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.13M
Blend (final) Blend
$4.13M
Owner & transaction history
ASHEVILLE FEDERAL BANK FSB
ASHEVILLE FEDERAL BANK FSB
Zoning & alternative use
DEED DATE: 07/30/1962 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Chapter 7 DEVELOPMENT
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message