240 Biltmore Ave, Asheville, NC 28801-4142
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.
-
Jack Smith's Transmission & Automotive Service Auto Repair Shop
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: 2023-06-16 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.