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
Address
Open on Google Maps- Address 53 Asheland Avenue
- City Asheville
- State/county NC
- Zip/Postal Code 28801
Details
Updated on March 1, 2025 at 3:18 am- Property ID: 4166329
- Price: $1,795,000
- Garage Size: x x
- Year Built: 1970
- Property Type: Office, Commercial Sale
- Property Status: Active, For Sale
Additional details
- Listing Terms: Cash,Conventional
- Roof: Flat
- Utilities: Other - See Remarks
- Sewer: Public Sewer
- Cooling: Central Air
- Heating: Electric,Natural Gas
- County: Buncombe
- Property Type: Commercial Sale
- Parking: Parking Lot,Parking Space(s)
- Waterfront: None
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
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