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Est. Mortgage: $/month

Federal 30-year interest rate: 7.31% last updated on 2023-09-28

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11 N Market Street Asheville NC 2880111 N Market Street Asheville NC 2880111 N Market Street Asheville NC 2880111 N Market Street Asheville NC 2880111 N Market Street Asheville NC 2880111 N Market Street Asheville NC 2880111 N Market Street Asheville NC 28801
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  • 52,505Square Feet
  • 0.52Acreage
  • 1931Year Built
  • ActiveMLS Status
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.
Listed by Jeremy Goldstein and John Menkes of G/M Property Group (jgold@gmproperty.com)

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Basic Information

  • ForeclosureN
  • List Price$12,165,000
  • MLS NumberCAR3849830
  • MLS StatusActive
  • Property SubTypeOFFICE

Property

  • Acreage0.52
  • Parking Spaces
  • Water Source City
  • ZoningCBD

Tax Information

  • Taxes$3,979,100

Building

  • Foundation Details Other - See Remarks
  • Square Feet52,505
  • Year Built1931

Interior

  • Flooring Carpet, Concrete, Tile, Vinyl

Exterior

  • Roof Concrete, Rubber

Property Information

  • Construction Materials Stone
  • Inclusions Building, Land, Other
  • Number Of Buildings 1

Parking

  • Garage Spaces

Location

  • Building Number11
  • CountyBuncombe
  • Directions Located downtown Asheville, NC
  • StateNC
  • StreetN Market Street
  • Zip28801

Utilities

  • Cooling ["Central Air"]
  • Heating Central, Natural Gas
  • Sewer Public Sewer

Other

  • View Count37

Your Local Office

WNC Mountain Realty
23 Songbird Lane
Weaverville NC, 28787

Office: 828-231-3117

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