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Est. Mortgage: $/month

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

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15 Rankin Avenue Asheville NC 28801
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  • 1Bathrooms
  • 1,206Square Feet
  • 2014Year Built
  • ClosedMLS Status
CALL FOR HIGHEST AND BEST OFFERS BY 2 PM ON 11/08/23. SELLER WILL RESPOND BY 5 PM 11/08/23. Easy investment opportunity with a stable, long-term tenant in place in a prominent downtown Asheville location. Premium street-level commercial space on high footfall street adjacent to Rankin Parking Garage (262 spaces). A true NNN lease & ideal passive income scenario. Tenant pays property tax, insurance and condo association fees directly, services the HVAC system and pays all utilities. 2023 rent is $30/SF and increases by 3% per year, expiring March 2032. Rankin Press Lofts is a professionally managed condo association in the Central Business District featuring high quality construction and no vacancy. Surrounded by retail shops, restaurants/bars, galleries, offices and residential condos and located in close proximity to I-240 & I-26, Harrah Cherokee Center Asheville, Grove Arcade & Pack Square Park. Please do not disturb the tenant - contact the listing agent for all showings.
Listed by Carla Barnard of Carla & Company Real Estate Services (carla@carla-co.com)

Listing Sold by G/M Property Group

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Basic Information

  • ForeclosureN
  • List Price$625,000
  • MLS NumberCAR4082554
  • MLS StatusClosed
  • Property SubTypeRETAIL
  • Sale Date11/30/2023
  • Sale Price$582,000

Property

  • Parking Spaces
  • Units1
  • Water Source City
  • ZoningCBD

Amenities

  • Other AmenitiesWaterfront
  • ViewCity

Other

  • View Count12

Tax Information

  • Taxes$282,200

Location

  • Building Number15
  • CountyBuncombe
  • Directions I-240 to Exit 5A. Turn left onto 25S/Broadway St. Right onto College St. Right on Rankin. Building access is across from parking garage.
  • StateNC
  • StreetRankin Avenue
  • Zip28801

Utilities

  • Cooling Central Air
  • Heating Central
  • Sewer Public Sewer
  • Utilities Electricity Connected

Rooms

  • Bathroom1

Basic Information

Building

  • Elevation 2000
  • Square Feet1,206
  • Year Built2014

Interior

  • Flooring Wood

Property Information

  • Inclusions Building, Other

Water Body

  • Water FeaturesNone

Your Local Office

WNC Mountain Realty
23 Songbird Lane
Weaverville NC, 28787

Office: 828-231-3117

Broker Reciprocity © 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of June 24, 2024 11:09 AM EDT . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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