Property profile

68 Asheland Ave Asheville, NC 28801

OFF-MARKET
Auto shops
Property ID
US53-0139722
15,375 SF 0.32 ac lot Built 1973
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant retail property, located at 68 Asheland Avenue in Asheville, North Carolina, offers 10,780 square feet of space in a prime Central Business District (CBD) location. The building, constructed in 1973 and renovated in 2003, sits on a 0.31-acre lot and is currently fully vacant, presenting a unique opportunity for a prospective tenant. The property's single-story design provides convenient access and ample space for a variety of retail uses. The zoning designation, CBD – Central Business District, indicates its suitability for a wide range of commercial activities. The property's address is 68 Asheland Ave, Asheville, NC 28801, within Buncombe County. Its convenient location within the bustling Asheville CBD offers high visibility and accessibility to a large customer base. The entire 10,780 square feet is available for lease, providing significant space for a substantial retail operation. This property represents a rare opportunity to establish a prominent retail presence in a thriving downtown Asheville location. The building's 2003 renovation ensures modern amenities and functionality, minimizing the need for immediate capital improvements. Interested parties should inquire promptly to secure this exceptional retail space.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,375 SF
Lot 0.32 ac (13,939 SF)
Zoning code DEED DATE: 11/12/2010 DEE
APN 9648-29-9172-00000
UPID US53-0139722

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
  • Law Firm

Location

68 Asheland Ave Asheville, NC 28801-3246
Asheville metro Census 100 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
$1.89M
Blend (final) Blend
$1.89M

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

Zoning & alternative use

DEED DATE: 11/12/2010 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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