45 Asheland AveAsheville, NC 28801
- Other commercial real estate
- 75,237 SF
Property Details for 45 Asheland Ave
- Year built
- 2018
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.41 AC
- Property size (Sq ft)
- 75,237 SF
- Zone code
- DEED DATE:08/18/2016 DEED
- Property type
- Other commercial real estate
- APN
- 9648-29-8566-00000
- APU
- 964829856600000
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $17,670,290
- Hospitality
- $16,185,890
- Educational
- $13,466,470
- Medical
- $13,929,603
- Retail
- $20,947,842
Location Insight
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Latitude
- 35.5926
- Longitude
- -82.5566
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].