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    OFF-MARKET
    Bars & Pubs

    251 Biltmore Ave, Asheville, NC 28801-4158

    4,918 SF 0.18 ac lot Built 1949
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US53-1132277
    Property summary
    AI-generated overview

    This exceptional 4,717 sq ft freestanding commercial building is ideally situated on a high-visibility corner lot in Asheville's vibrant South Slope District. Boasting 174 feet of frontage on a four-lane road with 15,500 vehicles per day, this property offers unparalleled exposure. Located near McCormick Field, Mission Hospital, and numerous breweries, its prime location ensures high traffic and visibility. The single-story building, constructed in 1949, sits on a 0.18-acre lot and features a loading dock, two roll-up doors, and impressive ceilings ranging from 11 to 14.5 feet. Inside, you'll find concrete flooring, a brewing room, two bars, ample storage, and office space. Currently zoned CBD, this property presents a unique owner-user opportunity in a thriving market. The building's layout is well-suited for a variety of uses, including a bar, restaurant, or storefront. Asheville's bustling economy and designation as a top city for starting businesses make this a compelling investment. The asking price is $1,290,000. The property's APN is 964847124000000.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1949
    Construction CONCRETE BLOCKS
    Total area 4,918 SF
    Lot 0.18 ac (7,841 SF)
    Zoning code DEED DATE: 09/29/2000 DEE
    APN 9648-47-1240-00000
    UPID US53-1132277
    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
    • Fuel Cafe Bar & Pub
    • Dalton Distillery Brewery & Distillery Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Katherine Rothe Skinner · 4 yrs held
    Katherine Rothe Skinner
    since 2021
    Last sale
    $1.2M
    2 recorded transactions
    2021
    2021
    $1.2M
    Zoning & alternative use
    DEED DATE: 09/29/2000 DEE · Asheville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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