Active

11 N Market Street

Asheville NC, 28801

$10,000,000


$190.46 per sqft

Active

52,505 sqft

Commercial

Built in 1931

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.

3849830

MLS ID

April 14, 2022

Listed

October 2, 2024

Updated

Map

11 N Market Street
Asheville NC, 28801

Interior Features

Total Stories

4


Floor Description

Carpet, Concrete, Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Lot Size

0.52 Acres


Roof

Concrete, Rubber


Sewer

Public Sewer

Other Property Details

Days on Market

718


Garage

No


View

No


County

Buncombe


Water Source

City


Pool

No


Zoning

CBD

Listing History

Date

Event

Price

4/15/2024

Price change

$10,000,000

-18%

5/12/2023

Price change

$12,165,000

-20%

Courtesy of G/M Property Group with Jeremy Goldstein, John Menkes
Listing Contact: [email protected] 

 

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