53 Asheland Avenue
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53 Asheland Avenue
3 Office Properties Offered at $1,795,000 in Asheville, NC
Investment Highlights
- Fully Leased Condos.
- Located in Downtown Asheville.
Executive Summary
Passive investment opportunity in downtown Asheville! This fully-leased condo portfolio is located in the heart of the
thriving South Slope, and boasts abundant parking, secure and zero grade entry, and strong monument sign visibility on
Asheland Avenue and Grove Street. Attractive long-term leases include the State of NC (Mountain Area Workforce
Development Board), and the non-profit Buncombe County Partnership for Children. Condos 102A, 104, and 105 are offered
together at a 7.78% capitalization rate on blended and stabilized net rent.
thriving South Slope, and boasts abundant parking, secure and zero grade entry, and strong monument sign visibility on
Asheland Avenue and Grove Street. Attractive long-term leases include the State of NC (Mountain Area Workforce
Development Board), and the non-profit Buncombe County Partnership for Children. Condos 102A, 104, and 105 are offered
together at a 7.78% capitalization rate on blended and stabilized net rent.
Property Facts
| Price | $1,795,000 | Status | Active |
| Price / SF | $273.46 / SF | Number of Properties | 3 |
| Cap Rate | 7.78% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 6,564 SF |
| Price | $1,795,000 |
| Price / SF | $273.46 / SF |
| Cap Rate | 7.78% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 6,564 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Asheland Center
53 Asheland Ave, 1st Floor - Unit 105, Asheville, NC 28801 |
Office Condo | 2,282 SF | 1970 | - |
|
The Asheland Center
53 Asheland Ave, 1st Floor - Unit 102A, Asheville, NC 28801 |
Office Condo | 2,000 SF | 1970 | - |
|
The Asheland Center
53 Asheland Ave, 1st Floor - Unit 104, Asheville, NC 28801 |
Office Condo | 2,282 SF | 1970 | - |
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Keller Williams Professionals
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53 Asheland Avenue
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