45 Asheland AveAsheville, NC 28801

This exceptional commercial condominium investment opportunity is located in Asheville's vibrant Central Business District (CBD). Situated at street level within a 42-unit residential condominium building, this property offers a secure and stable income stream. The current tenant, a food service establishment, is under a long-term lease extending until 2027, with a three-year option to renew. This provides significant lease stability and predictable cash flow for the investor. The property boasts a strong 7.25% capitalization rate, representing an attractive return on investment in the thriving Asheville market. The specific square footage is not currently available. This is an ideal opportunity for investors seeking a low-maintenance, high-return commercial property in a prime Asheville location. The property's street-level accessibility ensures high visibility and convenient access for customers. Given the long-term lease and strong cap rate, this investment presents a compelling opportunity for passive income generation in a desirable and growing market. The property is located at 45 Asheland Avenue, Unit 101, Asheville, NC. The asking price is $595,000.