111 Reed St Asheville, NC 28803

This exceptional retail space, located in the heart of Old Town Alexandria's west end, presents a unique investment opportunity. Situated at the highly visible corner of King and Peyton Streets, the property benefits from substantial daily pedestrian and vehicular traffic. The 2,000 square foot space is part of a larger three-story building totaling 38,636 square feet. The current tenant's lease expires at the end of 2023, ensuring a vacant space ready for immediate occupancy. All existing fixtures will be removed. The space boasts abundant natural light from extensive window frontage on both King and Peyton Streets. The asking price is $35 per square foot, triple net (NNN), with current CAM/taxes charges at $4.90 per square foot. The property includes five parking spaces located directly behind the building, accessible from Peyton Street. Central heating and air conditioning are in place. Electricity is the responsibility of the tenant. Lease terms are negotiable, with a minimum three-year lease preferred. This prime location and attractive lease terms make this an ideal opportunity for a discerning business seeking high visibility and foot traffic in a vibrant, established commercial district.