373 Biltmore Ave, Asheville, NC 28801-4503
This 3,182 square foot retail building is located at 373 Biltmore Avenue in Asheville, North Carolina, at the signalized intersection of Biltmore Avenue and Choctaw Street. Built in 1968, this single-tenant property sits on a 0.21-acre lot and offers excellent visibility with approximately 19,000 vehicles passing daily. Its prime location is just one mile from downtown Asheville and a half-mile from Mission Hospital, ensuring easy accessibility for both employees and customers. The building features 15 parking spaces and a dock-high loading dock, adding to its convenience. Inside, you'll find six offices, two restrooms, a kitchenette, and two large common meeting rooms, providing ample space for various business needs. The property also boasts a Cat 5 fiber line, 3-phase power service, and an alarm system. Recent improvements include a roof replacement in 2021. The property is zoned INST and has a Buncombe County APN of 9648-45-2666-00000. This versatile space is ideal for a variety of uses, including retail, showroom, professional offices, or medical offices. The building is currently vacant.
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: 09/29/2011 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.