Address
11 N Market Street, Asheville, NC
Price
$ 12,165,000
Property Attributes
- ID#3849830
- TypeCommercial
- CountyBUNCOMBE
- CityAsheville
- AreaBuncombe County
- Zip28801
- StyleOffice
- Price$ 12,165,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage52505
- Lot Size0.52 Acres
Data Source:
Canopy MLS
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. 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.
| Price History | |
|---|---|
| 5/9/2023 | Listed $12,165,000 |
General Features
| Accessibility | Elevator |
|---|---|
| Car Hoasubjectto | None |
| City | Asheville |
| Complex Name | None |
| Construction Materials | Stone |
| Construction Type | Site Built |
| Cooling | Central Air |
| County | Buncombe |
| Directions | Located downtown Asheville, NC |
| Heating | Central, Natural Gas |
| New Construction | No |
| Possible Use | Commercial, Other - See Remarks |
| Property SubType | Office |
| Property Type | Commercial Sale |
| Restrictions | N/A |
| Roof | Concrete, Rubber |
| Sewer | Public Sewer |
| Standard Status | Active |
| Street Name | Market |
| Tax Assessed Value | 3979100 |
| Year Built | 1931 |
| Zoning | CBD |
Interior Features
| Flooring | Carpet, Concrete, Tile, Vinyl |
|---|---|
| Street Suffix | Street |
Exterior Features
| Living Area | 52505 |
|---|---|
| Building Area Total | 52505 |
| Foundation Details | Other - See Remarks |
| Inclusions | Building, Land, Other |
| Lot Size Area | 0.52 |
| Lot Size Units | Acres |
| Number of Buildings | 1 |
| Road Frontage Type | City Street |
| Road Responsibility | Publicly Maintained Road |
| Water Source | City |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 28801
Price
Visits
Year Built
Walkscore
Canopy MLS® Copyright ©2023 All rights reserved.
