Directions: From Pack Square (center of Downtown Asheville), head South on Biltmore Avenue (US HWY 25). After 0.3 miles, turn right onto Hilliard Street (past the Orange Peel). Proceed one block to S. Lexington Avenue, and turn left at the traffic light. The property will be on right.
Inclusions
N/A
Inside City YN
1
Lease Considered YN
true
Lot Size Area
0.92
Lot Size Units
Acres
Mls Major Change Type
Price Decrease
New Construction YN
false
Number Of Buildings
1
Open Parking YN
false
Parcel Number
9648-48-1742-C0104
Previous List Price
1225000
Public Remarks
Downtown Asheville Investment | 7.21% Cap Rate | $1, 195, 000 Premier office investment in Asheville’s South Slope, fully leased with in-place income and a 7.21% cap rate at $1, 195, 000 ($256/SF). Ideal for investors or owner-users: Suite D (936 RSF) is leased short-term and will vacate upon execution of a new lease. Offered for lease at $27.50/SF ($2, 145/month). The property totals 4, 663 RSF across 8 suites with Class A finishes, hardwood floors, large windows, shared restrooms, kitchen/break area, and patio access in select units. Strong tenant mix and prime location steps from breweries, restaurants, and downtown amenities.
Restrictions
No Restrictions
Restrictions Description
none
Road Responsibility
Publicly Maintained Road
Road Surface Type
Paved
Senior Community YN
false
SqFt Available Maximum
4663
SqFt Available Minimum
4663
SqFt Maximum Lease
0.00
SqFt Minimum Lease
0.00
Stories
3
Syndicate Participation
Participant Options
Syndicate To
IDX, IDX_Address, Realtor.com
Tax Assessed Value
762800
Zoning
CBD
Zoning Specification
CBD
Neighborhood Map
Popup
Property Photos
MLS #CAR4213325
Listing courtesy of Whitney Commercial Real Estate
provided by Canopy MLS as distributed by MLS GRID.
