240 Biltmore Ave Asheville, NC 28801-4142
Property profile & analytics
240 Biltmore Ave Asheville, NC 28801-4142
- Auto shops
- 6,300 SF
- 0.40 lot acres
Property ID
US53-1276654
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Jack Smith's Transmission & Automotive Service / Auto Repair Shop
Property Details for 240 Biltmore Ave
- Year built
- 1956
- Construction
- STEEL FRAME
- Lot size
- 0.40 lot acres
- Property size
- 6,300 SF
- Zone code
- DEED DATE: 2023-06-16 DEE
- Property type
- Auto shops
- APN
- 9648-47-3492-00000
- APU
- 964847349200000
Description
This exceptional 6,300-square-foot free-standing retail building boasts a highly visible location on Biltmore Avenue in the heart of downtown Asheville, Buncombe County. Previously used as an auto-service center, the property offers a flexible layout ideal for a variety of commercial uses. The building features four large roll-up garage doors, a welcoming lobby/reception area, a private office, ample storage space, and three restrooms. On-site parking is a significant advantage, complemented by prominent monument signage. A substantial rear outdoor area provides additional space and potential. The property's zoning is RB. Its strategic location provides easy access to Biltmore Avenue and is within walking distance of downtown Asheville's vibrant attractions, including the South Slope district and McCormick Field/Memorial Stadium (hosting 50 home games annually). The area is thriving, surrounded by numerous restaurants, breweries, and other retail establishments. The property benefits from high visibility and significant traffic volume, averaging 15,000 vehicles per day. Its proximity to the future Greenway and planned McCormick Field enhancements further enhances its long-term value and appeal. Showings are scheduled to begin July 1st, 2024. This is a rare opportunity to acquire a versatile, high-traffic retail space in one of Asheville's most desirable locations.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,150,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,059,000
- AI Estimate
- $1,059,000
Market price range: $642k - $2.28MMarket price range: $642k - $2.28M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,615,000 Current use
- COMMERCIAL (GENERAL)
- $1,620,000 Change: +0% Conversion: Moderate
- MEDICAL BUILDING
- $1,420,000 Change: -12% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5513
- Latitude
- 35.587
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,013
$0.00
$0.00
$582,000
-
$470,400
$111,600
$582,000
