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53 Asheland Avenue

Asheville, NC 28801
  • $1,795,000
  • STATUS: Active
  • ON SITE: 197 Days
  • ID#: 4166329
UPDATED: 237 min ago
$1,795,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Keller Williams Professionals: 828-254-7253. Copyright 2025 Canopy MLS. All rights reserved.

Description

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

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MLS Grid logo Based on information submitted to the MLS GRID as of 2025-02-13T23:33:23.593 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Rowena Patton's Allstar Powerhouse brokered by eXp nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2025 Canopy MLS.

Some IDX listings have been excluded from this website.

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53 Asheland Avenue Asheville, NC 28801

  • Price: $1,795,000
  • Status: Active
  • On Site: 197 Days
  • Updated: 237 min ago
  • ID#: 4166329
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1970
Built
County:
Buncombe
Area:
Asheville
Property Description
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
Exterior Features

Carport YN No Construction Materials Hard Stucco Construction Type Site Built Fencing Partial Foundation Details Slab Lot Features Level Other Parking As-iswhere-isin-common. Parking Features Parking LotParking Space(s) Road Frontage Type City Street Road Responsibility Publicly Maintained Road Road Surface Type Paved Roof Flat Waterfront Features None

Interior Features

Basement YN No Cooling Central Air Heating ElectricNatural Gas

Property Features

Accessibility Features Two or More Access Exits Auction YN No CCRSubject To Yes City Taxes Paid To Asheville Construction Status Completed Elevation 2000 Flood Plain No Hoa Subject To Required HOASubject To Dues Mandatory Inclusions Other Inside City YN Yes Lease Considered YN No Listing Terms CashConventional New Construction YN No Possible Use Other - See Remarks Property Sub Type Office Restrictions Other - See Remarks Restrictions Description Please reference attached Condo Declaration / ByLaws. Senior Community YN No Sewer Public Sewer Special Listing Conditions None Utilities Other - See Remarks Water Source City Zoning CBD



MLS Grid logo Based on information submitted to the MLS GRID as of 2025-02-13T23:33:23.593 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Rowena Patton's Allstar Powerhouse brokered by eXp nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2025 Canopy MLS.

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/cmls/1280_boomver_1_4166329-1.jpg https://bt-photos.global.ssl.fastly.net/cmls/1280_boomver_1_4166329-1.jpg https://bt-photos.global.ssl.fastly.net/cmls/1280_boomver_1_4166329-1.jpg
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Rowena Patton's Allstar Powerhouse brokered by eXp
56 Central Avenue, Ste 201
Asheville NC, 28801
Canopy MLS logo Offered by Keller Williams Professionals: 828-254-7253. Copyright 2025 Canopy MLS. All rights reserved.