Property summary
This 11,212-square-foot warehouse, located at 20 Simpson Street in Asheville, North Carolina, presents a unique leasing opportunity. Situated on a 0.67-acre lot in Buncombe County (zip code 28803), this single-story, 1950-built building underwent a complete renovation in 2023. The property features a desirable location in Asheville's River District, conveniently nestled between The Asheville Mall, I-240, and Biltmore Village, surrounded by a mix of commercial and retail businesses. The warehouse boasts 9 loading docks, including 9 dock-high doors and one drive-in dock, providing ample access for loading and unloading. There are 25+ parking spaces available. The interior offers a 12-foot ceiling height and a flexible layout including a reception/retail/break room area connected to a large, open floor plan warehouse space. The property is zoned for industrial use and includes 3-phase electric service. While currently a shell space without HVAC, the building can be upfitted to meet specific tenant requirements. The recent greenway expansion along Swannanoa River Road enhances walkability and potential customer traffic. The property is also near Target and the Regeneration Station.
Property profile
VerifiedCap rate & NOI
Current use
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Building Supply Mill
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Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
DEED DATE: 2021-12-17 DEE · Asheville, NCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for DEED DATE: 2021-12-17 DEE in Asheville, NC.
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