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Property profile & analytics
FOR LEASE
Breweries

244 Short Coxe Ave Asheville, NC 28801

6,820 SF 0.25 ac lot Built 1930
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US53-1650127
Property summary
AI-generated overview

This exceptional 1,500 square foot flex space, part of a larger 5,112 square foot building, is ideally situated in Asheville's vibrant South Slope Brewing District, in Buncombe County. Located at 244 Short Coxe Avenue, this property offers a unique blend of retail and industrial uses, perfect for a variety of businesses. The space features a substantial private outdoor patio, adding significant appeal and versatility. Recent upgrades include a new glass roll-up garage door, ensuring easy access and a modern aesthetic, along with a new HVAC system for optimal climate control. The interior boasts attractive stained concrete floors and high ceilings, creating a spacious and inviting atmosphere. The building itself comprises a single suite, offering a sense of exclusivity and control. The property sits on a 0.25-acre lot, providing ample space and potential for outdoor activities or expansion. Its prime location next to Mother Bakery ensures high visibility and foot traffic, making it an excellent opportunity for businesses seeking a thriving downtown Asheville location. The space is currently vacant and ready for immediate occupancy. This versatile property is suitable for studios, retail businesses, galleries, offices, or flex/warehouse operations.

Property profile
Verified
Property type Breweries
Use group DISTILLERY, BREWERY, BOTTLING
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,820 SF
Lot 0.25 ac (10,890 SF)
Zoning code DEED DATE: 2022-05-13 DEE
APN 9648-37-9337-00000
UPID US53-1650127
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Iron and Ash Production Facility Furniture & Home Goods
  • mother bakery & cafe | south slope Restaurant
  • Aerial Silks Mohua Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$753k
Blend (final) Blend
$755k
Owner & transaction history
Mbw Development LLC · 4 yrs held
Mbw Development LLC
since 2022
Last sale
$756,000
1 recorded transaction
2022
$756,000
Zoning & alternative use
DEED DATE: 2022-05-13 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.2M +6.4%
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