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 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.
- Price:
- $12,165,000
- Square Footage:
- 52,505
- Acreage:
- 0.52
- Year Built:
- 1931
- Listing ID #:
- CAR3849830
- Street Address:
- 11 N Market St
- City:
- Asheville
- State:
- North Carolina
- Postal Code:
- 28801
- County:
- Buncombe
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Approximate Total Liveable Area:
- 52505
- Construction Description:
- Stone
- Construction Type:
- Site Built
- Flooring:
- Carpet, Concrete, Tile, Vinyl
- Foundation:
- Other - See Remarks
- Has Handicap Features:
- Elevator
- Stories:
- 4
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 52505
- Type Of Roof:
- Concrete, Rubber
- Year Built:
- 1931
- Conforms To Zoning:
- Cbd
- Lot Size:
- 0.52
- Lot Size Units:
- Acres
- Lot Square Footage:
- 22651
- Road Frontage Type:
- City Street
- Suitable Use:
- Commercial, Other - See Remarks
- Days On Market:
- 412
- Included In Sale:
- Building, Land, Other
- Previous Listing Price:
- 15095475
- Terms:
- Lease Back
- Cooling System:
- Central Air
- Existing Water:
- City
- Heating:
- Central, Natural Gas
- Sewage Type:
- Public Sewer
- Listing Provided By: Jeremy Goldstein jgold@gmproperty.com with G/M Property Group
-
Listings courtesy of Canopy MLS as distributed by MLS GRID
