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    Property profile & analytics
    OFF-MARKET Estimated value $600,000
    Office buildings

    304 Smt St, Asheville, NC 28803-2725

    4,052 SF 0.29 ac lot Built 1986
    Individually Owned ~ Est. High Equity
    Property ID
    US53-1337840
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1986
    Construction BRICK
    Total area 4,052 SF
    Lot 0.29 ac (12,632 SF)
    Zoning code DEED DATE: 07/31/1998 DEE
    APN 9647-77-7507-00000
    UPID US53-1337840
    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
    • Win Wnc Interpreter Network Translation Service
    • Buncombe County Dental Society Association / Organization Service Establishment
    • Project Access Medical Group
    • Western Carolina Medical Society Charitable Organization Social Service Agency
    • Economy Travel & Tours Travel Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $601k
    Blend (final) Blend
    $600k
    Owner & transaction history
    Western Carolina Medical Society Fn
    Western Carolina Medical Society Fn
    since 2025
    3 recorded transactions
    2025
    1969
    1969
    Zoning & alternative use
    DEED DATE: 07/31/1998 DEE · Asheville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $915,000 +17.0%
    Retail stores $815,000 +4.4%
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