Address
11 N Market Street, Asheville, NC
Price
$ 15,095,475
Property Attributes
  • ID#3849830
  • TypeCommercial
  • CountyBUNCOMBE
  • CityAsheville
  • AreaBuncombe County
  • Zip28801
  • StyleCommercial
  • Price$ 15,095,475
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage52505
  • Lot Size0.52 Acres
Data Source:
Canopy MLS
Property Description

VWLF will commit to a longterm triple net lease of a newly constructed single- or multi-tenant building on the Langren Alley lot and of the Lawyers Walk lot, which will continue to provide client parking. While the new building is being designed, permitted and constructed, VWLF will lease back the entirety of its existing location at 11 N. Market Street on a triple net basis. This structure allows the purchaser to concurrently design and secure building permits to redevelop 11 N. Market Street while the building is fully leased to VWLF and cash flowing. Once VWLF occupies the new building, the short term leaseback of 11 N. Market Street will terminate and the purchaser can seamlessly commence redevelopment. 3 parcels/3 PINs.

Price History
4/14/2022 Listed $15,095,475

General Features

Accessibility Elevator
Car Hoasubjectto None
City Asheville
Complex Name None
Construction Materials Brick, Stone, Stucco
Construction Type Site Built
Cooling Central Air
County Buncombe
Days on Market 60
Directions Located downtown Asheville, NC
HLA Area 52505
Heating Central, Natural Gas
New Construction No
Possible Use Commercial, Other
Property SubType Commercial
Property Type Commercial Sale
Restrictions N/A
Roof Concrete, Rubber
Secondary Sub-Type Other
Standard Status Active
Street Name Market
Structure Type Office
TaxAssessedValue 3979100
Utilities City Sewer, City Water
Year Built 1931
Zoning Description CBD

Interior Features

Flooring Carpet, Concrete, Tile, Vinyl
Sprinkler None
Street Suffix Street
Total Stories 4

Exterior Features

Living Area 52505
Building Area Total 52505
Foundation Details Slab
Inclusions Building, Land, Other
Lot Size Area 0.52
Lot Size Units Acres
Number of Buildings 1
Road Frontage Type City Street
Road Responsibility Public Maintained Road

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
AVG $1M
$15.1M
Visits
AVG 56
10
Year Built
AVG 1949
1931
Walkscore
AVG 78
89
Data Provided by Walkscore ® not using MLS data

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