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Property profile & analytics

251 Biltmore Ave Asheville, NC 28801-4158

  • Bars
  • 4,918 SF
  • 0.18 lot acres
OFF-MARKET
Last Sale
Jul 23, 2021
$1,175,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US53-1132277
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.

Current Use by Public Records

  • Fuel Cafe / Bar
  • Dalton Distillery / Bar / Distillery

Property Details for 251 Biltmore Ave

Year built
1949
Construction
CONCRETE BLOCKS
Lot size
0.18 lot acres
Property size
4,918 SF
Zone code
DEED DATE: 09/29/2000 DEE
Property type
Bars
Property subtype
Pubs
APN
9648-47-1240-00000
APU
964847124000000

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Asheville
County
Buncombe
State
North Carolina
Longitude
-82.552
Latitude
35.5863
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
$5,742
$0.00
$0.00
$512,300
-
$313,600
$198,700
$512,300
More about this property
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