11 N Market Street, Asheville, NC 28801 (MLS # 3849830)

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PRICE $10,000,000 dsIDX morgage calculator
SIZE 52,505 sqft
LOT SIZE 22,652 sqft

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.

YEAR BUILT 1931 COUNTY Buncombe
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
BUYER'S BROKERAGE COMPENSATION 1.5
CONSTRUCTION Stone
HEAT Central, Natural Gas
LOT 0.52 acre(s)
MLS STATUS Active
SEWER Public Sewer
STORIES 4
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with G/M Property Group
Date last updated: 7/15/24 11:17 AM PDT

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