An early 20th century mixed-use building with a brick, marble, and tile exterior, steeped in history. This property is a prime example of historic Asheville and blends beautifully into the thriving urban neighborhood. This unbeatable location offers convenience to downtown and the university. Residents will enjoy walking and cycling to shops, restaurants and other local businesses.
The first floor houses several successful Asheville businesses. These charming spaces offer a wide range of finishes and contain limitless possibilities for future tenants. The diversity of the neighborhood offers a welcoming environment for the promotion of new sustainable business. The neighborhood offers an eclectic mix of historic residential homes, professional services, and Bed and Breakfast Inns.
The second floor apartments feature many historic architectural details. An inviting entry stair with rich hardwood accents welcomes you with a nostalgic feel not found in modern buildings. The residences feature original hardwood and tile floors, and some studio units include unique touches such as Murphy Beds. The residents and retail tenants will appreciate convenient dedicated parking. Old-fashioned cast iron lamp posts illuminate the sidewalks at night.
A great investment with a 6.7% CAP rate (estimating $1000/mo rent from owner's space). Contact Broker Justin Mitchell at (828) 713-9400 or email him using the contact form. MLS# 507142
