20 Simpson St Asheville, NC 28803-1410
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.
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Burns Auto Group Car Dealership
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: 2021-12-17 DEE · Asheville, NCAsheville. Always verify with local authorities before improvements.
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.