11 N Market Street, Asheville, NC 28801-2902 (MLS # 3849830)

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PRICE $12,165,000 dsIDX morgage calculator
SIZE 52,505 sqft
LOT SIZE 22,652 sqft
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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. Lange sold many different cars at 11 N. Market Street, including LaSalle, Cadillac, Oakland, Pontiac, Rausch-Lang Electric cars and Harley Davidson Motorcycles. 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.

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


ADDITIONAL DETAILS
AIR Central, Central Air
AIR CONDITIONING Yes
AREA None
CONSTRUCTION Stone
HEAT Central
LOT 0.52 acre(s)
MLS STATUS Active
SEWER Public Sewer
STYLE Site Built
WATER City
ZONING CBD
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with G/M Property Group
Date last updated: 10/1/23 6:47 PM PDT

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