14-20 Haywood St - Storefront Retail/Office FOR SALE


Asheville, NC 28801- Downtown Asheville
$7,250,000 USD
828-674-2120
14-20 Haywood St, Asheville, NC for Sale
$7,250,000 USD
Storefront Retail/Office - FOR SALE
1/36
null | 3.18% Cap Rate

14-20 Haywood St
Asheville, NC 28801
Downtown Asheville


HIGHLIGHTS

  • Trophy property in the center of downtown Asheville
  • 260 feet of frontage
  • Signalized corner location
  • Fronts 4 major downtown streets

OVERVIEW

We are excited to present an unparalleled opportunity to acquire a trophy property in the heart of vibrant Asheville, NC. The historic Miles Building, constructed in 1903 and once home to the Asheville Men’s Club, offers a unique and storied past (though not on the National Register, facilitating easier redevelopment). Located at the signalized corner of Haywood and College Streets, this prime property boasts frontage on four major downtown streets, with a generous 260 feet of ground-floor street frontage. The building’s three stories feature sophisticated office spaces on the second and third floors, while the ground floor is home to lively retail establishments. The stunning Art Deco design and architectural details have been impeccably preserved. Situated within the CBD zoning district and designated as part of the "Small Hotel Overlay," this property presents tremendous income potential with below market rents, and exciting redevelopment opportunities. Asheville, a top international travel destination attracting 20 million visitors annually, draws affluent tourists seeking luxury experiences, including visits to the Biltmore Estate—the largest private home in America and North Carolina’s #1 tourist attraction.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

3.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Historic Miles Building /Mixed-Use

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Storefront, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CBD

APN/PARCEL ID

9649-30-4493-00000

ASK ABOUT THIS PROPERTY

Jason BurkWhitney Commercial Real Estate ServicesMore Info
828-674-2120

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Jason BurkWhitney Commercial Real Estate ServicesMore Info
828-674-2120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.