38 & 40 Biltmore Avenue Asheville, NC $ 5,995,000
38 & 40 Biltmore Avenue
$ 5,995,000
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38 & 40 Biltmore Avenue

Asheville, NC, 28801
$ 5,995,000
Bedrooms-- Baths4.0 Sq 24,332

Monthly Estimate*

$ 41,406

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Commercial Property for sale in Asheville, NC

for $5,995,000 with 4 full baths. This 24,332 square foot building was built in 1925 on a lot size of 0.2.

This landmark historic commercial property in the heart of Downtown Asheville presents a rare opportunity to acquire a 100% occupied, architecturally distinctive asset with a long-standing, reputable tenant history. The property offers approximately ±24,332 SF on ±0.20 acres of thoughtfully designed, light-filled space across three floors. Zoned CBD, fully sprinklered and featuring a freight elevator, the building has a functional layout for a variety of commercial uses and potential for development of additional rentable SF in the lower level. The property has been home for more than three decades to Blue Spiral 1, one of the South’s largest and most renowned art galleries. Located along Biltmore Avenue within Asheville’s vibrant and walkable downtown core, the property offers convenient access to major thoroughfares, with I-240 approximately 1 mile away and I-40 approximately 3 miles away, providing connectivity to I-26, US 25, US 70, and other regional routes.

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Commercial Active

Price

$ 5,995,000

Full Bath

4

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.2

Year Built

1925

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4429116

Features
General
Sewer Public Sewer
Heating Electric Heat Pump Natural Gas
Cooling Electric Heat Pump
Utilities Electricity Connected
Appliances Dishwasher Refrigerator
Zoning CBD
Exclusions Contact Listing Agent
Year Built 1925
View City
Stories Count 3
Property Subtype Retail
Parcel Number 9648-49-5851-00000
Elevation 2000
Accessibility Mobility Friendly Flooring
Additional Parcels Description 964849576700000
County Buncombe
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial
Building Features Elevator Receptions Room
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Virtual Tour https://singlepointmedia.hd.pics/38-40-Biltmore-Ave https://singlepointmedia.hd.pics/38-40-Biltmore-Ave
Standard Status Active
Construction Type Site Built
Restrictions Other - See Remarks
Tax Assessed Value 3100400
Listing Terms Cash Conventional
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Interior
Basement Exterior Entry Interior Entry Storage Space Walk-Out Access Walk-Up Access
Flooring Carpet Concrete Tile Wood
Basement (Y/N) Y
Window Features Display Window(s) Skylight(s)
Below Grade Finished Area 0
Total Baths 4
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Exterior
Lot Features Level Paved
Water Source City
Inclusions Building Land
Lot Size Area 0.2
Number of Buildings 2
Building Area Total 24332
Road Surface Type Paved
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
Road Frontage 76
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* Excluded Features
List By
Likewise Commercial Real Estate

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$41,406
Per Month
100%
0%
0%
Monthly Principal & Interest
$41,406
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
DatePricePrice ChangeDescription
9/29/2026$5,995,000 Listed Price

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38 & 40 Biltmore Avenue, Asheville, NC, 28801 is a Commercial Property for sale at $5,995,000 with 24,332 sqft and a lot size of 0.2. 38 & 40 Biltmore Avenue has 4.0 baths and was built in 1925. The property's zip code is 28801 which is in Asheville, NC