304 Smt St, Asheville, NC 28803-2725
This two-story, 4,670 square foot office building in Asheville, North Carolina, presents a compelling investment opportunity for owner-users or investors. Located at 304 Summit Street, this property boasts a coveted location just off Hendersonville Road, offering both privacy and convenient access to I-40, hotels, restaurants, and Biltmore Village. Built in 1986, the building sits on a 0.29-acre lot and is zoned for office use (APN: 9647-77-7507-00000). The layout includes 16 private offices, a break room, and conference space, suitable for dual occupancy. Approximately 10 unmarked parking spaces are available. The asking price is $799,000 ($171.09/sq ft). While the building has been occupied by a non-profit for many years and hasn't undergone recent renovations, its prime location and flexible layout offer significant potential. The property benefits from increased visibility during the fall and winter months from Hendersonville Road. This is an exceptional opportunity to acquire a well-situated office building in a thriving Asheville market.
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Win Wnc Interpreter Network Translation Service
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Buncombe County Dental Society Association / Organization Service Establishment
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Project Access Medical Group
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Western Carolina Medical Society Charitable Organization Social Service Agency
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Economy Travel & Tours Travel Agency
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: 07/31/1998 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.