11 Market St, Asheville, NC 28801
52,505 SF | Vacant | Office Building | Asheville, NC 28801 | $10,000,000 ($190/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $10,000,000
- Property Type
-
Office
- Square Feet
- 52,505 SF
- Price / Square Foot
- $190
Listing Contacts
Jeremy Goldstein
Verified Profile
John Menkes
Verified Profile
- Property Info
Property Overview
~20% PRICE REDUCTION APRIL 2024. 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. Lange sold many different cars at 11 N. Market Street, including LaSalle, Cadillac, Oakland, Pontiac, Rausch-Lang Electric cars and Harley Davidson Motorcycles. Due to the scarcity of comparable downtown Asheville parcels available at any given point in time, there is a generational opportunity to redevelop this building with a long, rich history along with two ideally located corner parcels. 3 parcels. 52,505 sf office building to redevelop, 2 additional parcels each 0.14 acres. Located in small hotel overlay district under 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.
Property Details
- Class
- C
- Year Built
- 1931
- Stories
- 5
- Property Subtype
- Office/Residential
- Lot Size (sq. ft)
- 22,216 SF
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