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53 Asheland AVE Asheville, NC 28801
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Key Details
Sold Price $1,698,750
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4166329
Sold Date 12/15/25
Construction Status Completed
Year Built 1970
Property Sub-Type Office
Property Description
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. Contact List Agents for additional information about this clean investment sale opportunity!
Suites 104/105 Virtual Tour: https://youriguide.com/suite_105_53_asheland_ave_asheville_nc/
Suite 102A Virtual Tour: https://youriguide.com/suite_102a_53_asheland_ave_asheville_nc/
Associated PINs: 9648297342C002A, 9648297342C0104, 9648297342C0105
Location
State NC
County Buncombe
Zoning CBD
Interior
Heating Electric, Natural Gas
Cooling Central Air
Exterior
Fence Partial
Utilities Available Other - See Remarks
Waterfront Description None
Roof Type Flat
Street Surface Paved
Accessibility Two or More Access Exits
Building
Lot Description Level
Foundation Slab
Sewer Public Sewer
Water City
Structure Type Hard Stucco
New Construction false
Construction Status Completed
Others
Senior Community false
Restrictions Other - See Remarks
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with Non Member • Canopy Administration
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