11 N Market Street Asheville, NC $ 10,000,000
11 N Market Street
$ 10,000,000
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11 N Market Street

Asheville, NC, 28801
$ 10,000,000
Baths0.0 Sq 52,505

Monthly Estimate*

$ 69,853

11 N Market Street, Asheville, NC 28801 - Image 1
11 N Market Street, Asheville, NC 28801 - Image 2
11 N Market Street, Asheville, NC 28801 - Image 3
11 N Market Street, Asheville, NC 28801 - Image 4
11 N Market Street, Asheville, NC 28801 - Image 5
11 N Market Street, Asheville, NC 28801 - Image 6
11 N Market Street, Asheville, NC 28801 - Image 7
Studio

Commercial Property for sale in Asheville, NC

for $10,000,000. This 52,505 square foot building was built in 1931 on a lot size of 0.52.

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.

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Commercial Active

Price

$ 10,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Office

Lot Size

0.52

Year Built

1931

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

3849830

Features
General
Sewer Public Sewer
Heating Central Natural Gas
Cooling Central Air
Roof Concrete Rubber
Zoning CBD
Construction Materials Stone
Year Built 1931
Property SubType Office
Accessibility Elevator
County Buncombe
New Construction N
Property Type Commercial Sale
HOA / Comm Assn N
Possible Use Commercial Other - See Remarks
Directions Located downtown Asheville NC
City Asheville
Street Name Market
Standard Status Active
Construction Type Site Built
Restrictions N/A
Tax Assessed Value 3979100
Complex Name None
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Interior
Flooring Carpet Concrete Tile Vinyl
Street Suffix Street
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Exterior
Water Source City
Inclusions Building Land Other
Lot Size Area 0.52
Foundation Details Other - See Remarks
Number of Buildings 1
Building Area Total 52505
Lot Size Units Acres
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 11
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* Excluded Features
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G/M Property Group

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$69,853
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Monthly Principal & Interest
$69,853
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
4/15/2024 $10,000,000 -17.80% Price Down
5/9/2023 $12,165,000 Listed Price

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11 N Market Street, Asheville, NC, 28801 is a Commercial Property for sale at $10,000,000 with 52,505 sqft and a lot size of 0.52. 11 N Market Street is a studio with 0.0 baths and was built in 1931. The property's zip code is 28801 which is in Asheville, NC