53 Asheland Avenue

Asheville , NC 28801

MLS#: 4166329

$1,745,000

Status: Closed
Listing number: 4166329
Listing provided by: Keller Williams Professionals
Listing agent phone: None
Last update: 2 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1970

Sq.Footage

N/A

Passive investment opportunity in downtown Asheville! This fully-leased condo portfolio is located in the heart of the thriving South Slope, and boasts abundant parking, secure and zero grade entry, and strong monument sign visibility on Asheland Avenue and Grove Street. Attractive long-term leases include the State of NC (Mountain Area Workforce Development Board), and the non-profit Buncombe County Partnership for Children. Condos 102A, 104, and 105 are offered together at a 7.78% capitalization rate on blended and stabilized net rent. Contact List Agents for additional information about this clean investment sale opportunity! Suites 104/105 Virtual Tour: https://youriguide.com/suite_105_53_asheland_ave_asheville_nc/ Suite 102A Virtual Tour: https://youriguide.com/suite_102a_53_asheland_ave_asheville_nc/ Associated PINs: 9648297342C002A, 9648297342C0104, 9648297342C0105

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Parking Lot

  • Pool

    No

Area & Lot

  • Lot Features

    Level

  • Property Type

    Commercial Sale

  • Property Sub Type

    Office

Price

  • Sales Price

    $1,745,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Slab

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Buncombe

Elementary School

Middle School

High School

Listing Courtesy of Chris Gragtmans , Keller Williams Professionals

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Zaneta Mowatt

Agent

Zaneta Mowatt

Call Zaneta today to schedule a private showing.

(704) 904-7596

zaneta@prestinoadvantage.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Passive investment opportunity in downtown Asheville! This fully-leased condo portfolio is located in the heart of the thriving South Slope, and boasts abundant parking, secure and zero grade entry, and strong monument sign visibility on Asheland Avenue and Grove Street. Attractive long-term leases include the State of NC (Mountain Area Workforce Development Board), and the non-profit Buncombe County Partnership for Children. Condos 102A, 104, and 105 are offered together at a 7.78% capitalization rate on blended and stabilized net rent. Contact List Agents for additional information about this clean investment sale opportunity! Suites 104/105 Virtual Tour: https://youriguide.com/suite_105_53_asheland_ave_asheville_nc/ Suite 102A Virtual Tour: https://youriguide.com/suite_102a_53_asheland_ave_asheville_nc/ Associated PINs: 9648297342C002A, 9648297342C0104, 9648297342C0105

53 Asheland Avenue

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Excellent redevelopment opportunity with 3.19+/- acres located in rapidly developing Woodfin. Located 676 FT from I-26 (Exit 23), the property features interstate visibility (62,500 VPD) along busy Weaverville Rd. (11,500 VPD) and is 9 minutes to downtown Asheville. Water, sewer, electric, and natural gas on site. The site is surrounded by a mixed-use development, Reynolds Village, as well as manufacturing facilities, numerous retailers, businesses, and many supportive single and multi-family developments. Woodfin is known for its small-town mountain lifestyle with big-city amenities. The property contains 4 parcels and is being sold as-is. Sellers make no representation on the condition of homes. Please do not disturb the tenants. Contact listing agent for more information.
#4341897

Asheville

103 Weaverville Road

None Beds

None Baths

5,348 Sq.Ft.

$1,750,000

MLS#: 4341897

Investment Opportunity. Fully leased restaurant in Biltmore Village now for sale. New interior and new landscaping. NNN Lease in place. Landlord is only responsible for the Roof. Must see property with indoor and outdoor dining.
#4339921

Asheville

14 Swannanoa River Road

None Beds

None Baths

N/A

$1,505,000

MLS#: 4339921

Located in the heart of Asheville’s highly sought-after South Slope District, 186-188 Coxe Avenue offers a rare opportunity to acquire or lease a two-suite street-level commercial property in one of the city’s most active pedestrian corridors. Surrounded by award-winning breweries, restaurants, entertainment venues, professional offices and attractive residential developments, the building features two versatile suites with open floor plans, ideal for retail, showroom, office or experiential concepts. Polished concrete floors, high ceilings and flexible, clear-span layouts provide a modern, industrial aesthetic, while rear workroom space and secondary access from Collier Avenue enhance functionality for operations and deliveries.••Highlights••±5,150 SF street-level retail building on•0.12 acres zoned CBD•Two suites with open, flexible floor plans•Polished concrete floors ideal for retail or showroom use•Rear workroom/storage space•Secondary (back) access from Collier Avenue•High visibility and strong pedestrian traffic•Suitable for owner-user, investor, or retail tenant
#4352500

Asheville

186 Coxe Avenue

None Beds

None Baths

N/A

$1,600,000

MLS#: 4352500

Incredible location in the heart of vibrant, downtown Asheville! This 5,968 SF property has flexible CBD zoning and runs the full block between Broadway St and Carolina Lane. 20 FT of road frontage on Broadway St and 9,000 VPD. Street level retail space for owner-user or prime investment property. Current ceilings are nearly 9’ on the first floor with room between floors to go much higher. Upper level could serve a variety of purposes - large open space with high ceilings, newer floor-to-ceiling windows, and historic details like exposed brick walls, original pressed tin ceilings, and original wood floors. A full unfinished basement, perfect for storage or renovation for alternate use. Property is listed on the National Register of Historic Places, priced competitively and ready for your creative vision!
#4235765

Asheville

43 Broadway Street

None Beds

None Baths

5,968 Sq.Ft.

$1,690,000

MLS#: 4235765

ATTENTION INVESTORS...A stamped, engineered drawing exists with the option of office spaces to be developed and rented out! A HUGE business opportunity!!! Zoned commercial or residential with plenty of options in between! This beautiful, private, and modern style house is a must see! Complete with 4 bedrooms, 3 bath; along with city water, sewer and natural gas. Located on 3.22 acres with deck and plenty of outdoor living! Numerous options with ability to split and build retail offices or another residence. Make an appointment to check out this rare gem of a property!
#4332891

Asheville

258 Old Weaverville Road

None Beds

None Baths

N/A

$1,490,000

MLS#: 4332891

SELLER FINANCING CONSIDERED ; Beautiful brick Building located N. River Arts District in Woodfin Zoning District. Ideal location for warehouse, mixed storage, multiple commercial uses. New Roof. Additional storage buildings on site. abuts railroad spur w minimal setbacks and is fenced. SELLER to consider Lease option or lease purchase on Brick Building approx. 6,000 sq ft for $6,000 mo. terms to be negotiated.
#4300141

Asheville

860 Riverside Drive

None Beds

None Baths

N/A

$1,995,000

MLS#: 4300141

"Animal Hospital East": 1275 Tunnel Road, Asheville, NC 28805. Outstanding investment opportunity anchored by a national veterinary practice ensuring long term stability and income appreciation. 2-level building with veterinary hospital on the ground floor and two walkup apartments on the 2nd floor. Paved on-site parking for 13 vehicles. **INVESTMENT HIGHLIGHTS** * Established, 44-year-old veterinary practice with 2 locations for sale (**see also 1304 Hendersonville Rd., Asheville, NC - Animal Hospital South**) * Dominant pet hospital serving east Asheville * Prominent signage on Tunnel Rd. (US Hwy 70), a major 4-lane commercial corridor * Acquired in 2024 by Blue River PetCare, a national veterinary group with over 200 locations in the US * 2nd floor leased to two apartments * Blue River PetCare’s commitment to Asheville will ensure a stable, long-term investment for the purchaser
#4290839

Asheville

1275 Tunnel Road

None Beds

None Baths

4,932 Sq.Ft.

$1,999,000

MLS#: 4290839

Prime location on the highly visible corner of Asheland and Hillard Avenues in the Central Business District of downtown Asheville. The property is situated along the corridor between bustling downtown and the booming South Slope district. Close proximity to a multitude of existing businesses, breweries, restaurants, hotels, etc., and adjacent to a number of new developments. Excellent vehicular and foot traffic. The building with its Art Deco-inspired details has potential to be transformed into a variety of uses with space for parking, or maximize the lot and build to suit. Bring your creative business vision to this phenomenal intersection in downtown Asheville.
#3831075

Asheville

79 Asheland Avenue

None Beds

None Baths

1,648 Sq.Ft.

$1,750,000

MLS#: 3831075

Excellent location adjacent to the South Slope in Downtown Asheville with close proximity to Mission Hospital and McCormick Baseball Field. Great visibility on 4-lane road, Biltmore Ave., with 17,000 VPD and 125 FT of road frontage. Two 12' FT Roll-up Doors; Beautiful 23' FT Wooden Barrel Ceiling; Concrete Flooring; Dedicated Parking
#4295519

Asheville

248 Biltmore Avenue

None Beds

None Baths

N/A

$1,950,000

MLS#: 4295519

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service