53 Asheland Ave Ste 102a Asheville, NC 28801

This exceptional investment opportunity presents three fully-leased office condos totaling 6,564 square feet at 53 Asheland Avenue in Asheville, North Carolina. Located in the vibrant South Slope district, this Class B property offers a compelling 7.78% capitalization rate on stabilized net rent. The portfolio comprises three units (102A, 104, and 105) within a single, one-story building, featuring abundant parking and excellent visibility from Asheland Avenue and Grove Street. The property benefits from a secure, zero-grade entry. Tenants include the North Carolina Mountain Area Workforce Development Board and the Buncombe County Partnership for Children, both considered highly desirable tenants. The North Carolina Mountain Area Workforce Development Board's lease has recently been renewed for 45 years. The Buncombe County Partnership for Children's lease expires September 14, 2026, with one 3-year renewal option. The North Carolina Workforce Development Board's lease expires June 30, 2029, with two 5-year renewal options. The property is zoned CBD and has an asking price of $1,795,000. Annual pass-through expenses total $42,904.42, encompassing property taxes ($10,836.50) and POA/TICAM fees ($32,067.92), which include electricity, gas, water/sewer, trash, nighttime lighting, interior suite janitorial services, CAM, and building insurance. Virtual tours are available for Suites 102A and 104/105. The property's APN numbers are 9648297342C002A, 9648297342C0104, and 9648297342C0105. This is a multi-tenant, NNN lease property.