Property profile

251 Biltmore Ave Asheville, NC 28801

OFF-MARKET
Bars & Pubs
Property ID
US53-1132277
4,918 SF 0.18 ac lot Built 1949
Individually Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Bar & Pub
  • Brewery & Distillery Bar & Pub

Location

251 Biltmore Ave Asheville, NC 28801-4158
Asheville metro Census 900 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$885k

Owner & transaction history

since 2021
Last sale
$1.2M
2 recorded transactions
2021
Price N/A
2021
$1.2M

Zoning & alternative use

DEED DATE: 09/29/2000 DEE · Asheville, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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