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160 & 164 Broadway St

29,660 SF Flex Building Asheville, NC 28801 $5,900,000 ($199/SF)

Investment Highlights

  • High visibility location.
  • Highly flexible structure and floorplan.
  • Walkable downtown Asheville.

Executive Summary

An incredible opportunity to own 160 and 164 Broadway St. with two parking lot parcels in downtown Asheville, the longtime location of the Moog Music headquarters. The existing tenant will be relocating creating an opportunity to occupy or invest in this property. Both buildings went through a significant renovation project and offer a highly flexible interior suitable for a variety of uses. 160 Broadway offers +-17,660GSF on two levels currently being utilized for a combination of modern office and manufacturing. This building offers high visibility from Broadway St, Merrimon Ave, and I-240. 164 Broadway offers +-12,000GSF over two levels, the first floor being utilized as flex warehouse and the second floor as modern office. These two buildings are currently internally connected with shared elevator service and are turn key for a single user, or they could be separated to allow each building or floor to be leased independently. See offering Memorandum for more details. These buildings are also offered for lease. These buildings are also offered as part of a larger portfolio sale. Reach out for more information. This property did not receive any notable damage from Helene and is available immediately.

Property Facts

Price $5,900,000
Price Per SF $199
Sale Type Investment or Owner User
Sale Conditions Lease Option
Property Type Flex
Property Subtype
Light Manufacturing
  • General Retail Freestanding
  • Industrial Manufacturing
  • Office Industrial Live Work Unit
Building Class C
Lot Size 0.63 AC
Rentable Building Area 29,660 SF
No. Stories 2
Year Built 1919
Tenancy Single
No. Dock-High Doors/Loading 2

Amenities

  • Security System

Utilities

  • Water - City
  • Sewer - City

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 12,000 SF
  • Office
  • -
  • 30 Days

An incredible opportunity to occupy 160 and 164 Broadway St. in downtown Asheville, the longtime location of the Moog Music headquarters. The existing tenant will be relocating creating an opportunity to occupy either of these spaces independently or as one. These historic structures went through a significant renovation project and offer a highly flexible interior suitable for a variety of uses. 160 Broadway offers +-17,660GSF on two levels currently being utilized for a combination of modern office and manufacturing. This building offers high visibility from Broadway St, Merrimon Ave, and I-240. 164 Broadway offers +-12,000GSF on two levels, the first floor being utilized as flex warehouse and the second floor as modern office. These two buildings are currently internally connected with shared elevator service and are turn key for a single user, or they could be separated to allow each building to be leased independently. See offering Memorandum for more details.

  • 1st Floor
  • 17,660 SF
  • Office
  • Full Build-Out
  • 30 Days

An incredible opportunity to occupy 160 and 164 Broadway St. in downtown Asheville, the longtime location of the Moog Music headquarters. The existing tenant will be relocating creating an opportunity to occupy either of these spaces independently or as one. These historic structures went through a significant renovation project and offer a highly flexible interior suitable for a variety of uses. 160 Broadway offers +-17,660GSF on two levels currently being utilized for a combination of modern office and manufacturing. This building offers high visibility from Broadway St, Merrimon Ave, and I-240. 164 Broadway offers +-12,000GSF on two levels, the first floor being utilized as flex warehouse and the second floor as modern office. These two buildings are currently internally connected with shared elevator service and are turn key for a single user, or they could be separated to allow each building to be leased independently. See offering Memorandum for more details.

Space Size Space Use Condition Available
1st Floor 12,000 SF Office - 30 Days
1st Floor 17,660 SF Office Full Build-Out 30 Days

1st Floor

Size
12,000 SF
Space Use
Office
Condition
-
Available
30 Days

1st Floor

Size
17,660 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 12,000 SF
Space Use Office
Condition -
Available 30 Days

An incredible opportunity to occupy 160 and 164 Broadway St. in downtown Asheville, the longtime location of the Moog Music headquarters. The existing tenant will be relocating creating an opportunity to occupy either of these spaces independently or as one. These historic structures went through a significant renovation project and offer a highly flexible interior suitable for a variety of uses. 160 Broadway offers +-17,660GSF on two levels currently being utilized for a combination of modern office and manufacturing. This building offers high visibility from Broadway St, Merrimon Ave, and I-240. 164 Broadway offers +-12,000GSF on two levels, the first floor being utilized as flex warehouse and the second floor as modern office. These two buildings are currently internally connected with shared elevator service and are turn key for a single user, or they could be separated to allow each building to be leased independently. See offering Memorandum for more details.

1st Floor

Size 17,660 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

An incredible opportunity to occupy 160 and 164 Broadway St. in downtown Asheville, the longtime location of the Moog Music headquarters. The existing tenant will be relocating creating an opportunity to occupy either of these spaces independently or as one. These historic structures went through a significant renovation project and offer a highly flexible interior suitable for a variety of uses. 160 Broadway offers +-17,660GSF on two levels currently being utilized for a combination of modern office and manufacturing. This building offers high visibility from Broadway St, Merrimon Ave, and I-240. 164 Broadway offers +-12,000GSF on two levels, the first floor being utilized as flex warehouse and the second floor as modern office. These two buildings are currently internally connected with shared elevator service and are turn key for a single user, or they could be separated to allow each building to be leased independently. See offering Memorandum for more details.

Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 9649-32-5344-00000
  • 9649-32-5328-00000
  • 9649-32-5401-00000
  • 9649-32-5289-00000
Land Assessment
$585,700
Improvements Assessment
$2,702,500
Total Assessment
$3,288,200

zoning

Zoning Code NCD
NCD
  • Listing ID: 32541215

  • Date on Market: 7/22/2024

  • Last Updated:

  • Address: 160 & 164 Broadway St, Asheville, NC 28801

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