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$ 10,000,000
Est. payment /mo
Active
11 N Market ST Asheville, NC 28801
52,505 SqFt
UPDATED:
04/15/2024 07:59 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 52,505 sqft
Price per Sqft $190
MLS Listing ID 3849830
Year Built 1931
Lot Size 0.520 Acres
Acres 0.52
Property Description
Downtown Asheville, NC Redevelopment Opportunity. 11 N. Market St has been home to the Van Winkle Law Firm since 1987 following a certified historic tax credit rehabilitation. It was constructed as the Western Carolina Automobile Company by John Lange, who also developed the Langren Hotel in downtown Asheville and the Glen Rock Hotel in the River Arts District. Due to the scarcity of comparable downtown Asheville parcels available at any given point in time, there is a generational opportunity to redevelop this office building with a long, rich history along with two ideally located corner parcels. 3 parcels. 52,505 sf building to redevelop, 2 additional parcels each 0.14 acres. Located in small hotel overlay district <35 rooms. 145' height limit on 11 N. Market & 1 parcel. Other parcel 265' height limit. Desirable CBD zoning. Seller will consider a leaseback post closing as well as seller financing.
Location
State NC
County Buncombe
Building/Complex Name None
Zoning CBD
Interior
Heating Central, Natural Gas
Cooling Central Air
Flooring Carpet, Concrete, Tile, Vinyl
Inclusions Building, Land, Other
Exterior
Roof Type Concrete,Rubber
Garage false
Building
Dwelling Type Site Built
Foundation Other - See Remarks
Sewer Public Sewer
Water City
Structure Type Stone
New Construction false
Others
Senior Community false
Acceptable Financing Lease Back
Listing Terms Lease Back
Special Listing Condition None
© 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Jeremy Goldstein • G/M Property Group • jgold@gmproperty.com