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Federal 30-year interest rate: 6.87% last updated on 2024-06-20

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897 & 905 Riverside Drive Asheville NC 28804
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  • 8,888Square Feet
  • 0.5Acreage
  • 1970Year Built
  • ClosedMLS Status
A unique opportunity to purchase two structures on Riverside Drive (905 & 897) as either a turnkey investment with new leases negotiated as part of the purchase, or as an owner user. This half acre parcel includes a 7125 square-foot warehouse and office building currently leased to Johnson Controls. The parcel also includes a 1763 square-foot retail space currently occupied by Beer City Bikes. Johnson Controls lease extends through February of 2024, Beer City Bikes has expired and is currently month to month. Both tenants have requested to stay in place and sign a new lease. Seller will hold off on entering into new leases if an owner user would like to purchase. Both buildings have their own on site parking. The warehouse and office building has a fenced lot with two dock doors. See OM for current financials.
Listed by Jim Davis of NAI Allen Tate Beverly-Hanks Commercial (jdavis@naibeverly-hanks.com)

Listing Sold by BluAxis Realty

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Basic Information

  • ForeclosureN
  • List Price$910,000
  • MLS NumberCAR4059938
  • MLS StatusClosed
  • Property SubTypeWAREHOUSE/OFFICE
  • Sale Date10/23/2023
  • Sale Price$910,000

Amenities

  • Other AmenitiesDock

Other

  • View Count21

Tax Information

  • Taxes$228,800

Building

  • Elevation 2000
  • Square Feet8,888
  • Year Built1970

Property

  • Acreage0.5
  • Parking Spaces

Location

  • Building Number897 & 905
  • CountyBuncombe
  • Directions From I-40 take exit 25 and head North on Riverside Drive. Property is at the corner of Lookout Rd. Please do not disturb Tenants.
  • StateNC
  • StreetRiverside Drive
  • Zip28804

Property Information

  • Inclusions Building, Other

Your Local Office

WNC Mountain Realty
23 Songbird Lane
Weaverville NC, 28787

Office: 828-231-3117

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