11 N Market Street, Asheville, NC

$10,000,000

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52,505

Square feet

0.52

Acres

About 11 N Market Street

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.

Features of 11 N Market Street

MLS® # 3849830
Price $10,000,000
Bathrooms 0.00
Square Footage 52,505
Acres 0.52
Year Built 1931
Type Commercial Sale
Sub-Type Office
Status Active

Community Information

Address 11 N Market Street
City Asheville
County Buncombe
State NC
Zip Code 28801

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Central, Natural Gas
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Roof Concrete, Rubber
Construction Stone

Additional Information

Date Listed April 14th, 2022
Days on Market 725
Zoning CBD
Foreclosure No
Short Sale No

Listing Details

OfficeG/M Property Group

Listing Map

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