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    68 Patton Ave Asheville, NC 28801-3312
    Property profile & analytics

    68 Patton Ave, Asheville, NC 28801-3312

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    • Commercial real estate
    • 68,109 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US53-0146070
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $28,425,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Rise Coffee Bar / Cafe & Coffee Shop
    • Junior Achievement of Western North Carolina Inc / Charitable Organization / Social Service Agency
    • The Restoration Asheville / Hotel & Motel
    • The Exchange Restaurant & Bar / Restaurant
    • The Draftsman Bar + Lounge Asheville / Bar & Pub

    Property Details for 68 Patton Ave

    Year built
    1974
    Construction
    TILT-UP CONCRETE
    Lot size
    0.28 lot acres
    Zone code
    DEED DATE:12/17/2019 DEED
    Property type
    Commercial real estate
    APN
    9649-30-5174-00000
    APU
    964930517400000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 29, 2020 — Restoration Asheville LLC — Deed Of Trust · related $27.8M · Central Bk
    Dec 17, 2019 — Restoration Asheville LLC Mrk 68 Patton Asheville LLC Quit Claim Deed · related —
    Dec 17, 2019 $65,300 Restoration Asheville LLC Mrk 68 Patton Asheville LLC Special Warranty Deed $4.8M · Central Bank & Trust Co
    May 5, 2017 — Mrk Washington Ave LLC — Deed · related $5.5M · Carolina Trust Bank
    May 17, 2016 — Mrk Washington Avenue LLC — Deed · related $4.6M · Carolina Trust Bank
    Feb 11, 2014 $3,248,500 Mrk Washington Avenue LLC First States Invtrs 4100b LP Grant Deed —
    Mar 2, 2012 — First States Invtrs 4100b LP — Deed Of Trust · related $250M · Goldman Sachs Mortgage Co
    Nov 25, 2003 $1,633,000 First States Inv Prefco,realt III Trustees Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,423,000
      Market price range: $8.15M - $28.4M
      AI Estimate
      $28,423,000
      Market price range: $8.15M - $28.4M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $17,500,000
      Current use
      RESTAURANT
      $25,530,000
      Change: +46% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $17,455,000
      Change: -0% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5543
    Latitude
    35.5943
    CBSA code
    11700
    CBSA name
    ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $249,563
    $0.00
    $0.00
    $22,266,500
    -
    $1,516,000
    $20,750,500
    $22,266,500
    More about this property
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