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11 N Market Street

Asheville, NC 28801
  • $12,165,000
  • STATUS: Active
  • ON SITE: 599 Days
  • ID#: 3849830
$12,165,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 52,505
    SQFT
  • $232
    $/SQFT
Type:
Commercial
Built:
1931
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by G/M Property Group: 828-281-4024. Copyright 2023 Canopy MLS. All rights reserved.

Description

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.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2023-12-04T23:33:12.977 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Modern Mountain Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2023 Canopy MLS.

Some IDX listings have been excluded from this website.

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11 N Market Street Asheville, NC 28801

  • Price: $12,165,000
  • Status: Active
  • On Site: 599 Days
  • ID#: 3849830
0
Beds
0
Baths
0
½ Baths
0.52
Acres
52,505
SQFT
$232
$/SQFT
1931
Built
County:
Buncombe
Area:
Asheville
Property Description
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.
Exterior Features

Construction Materials Stone Construction Type Site Built Foundation Details Other - See Remarks Garage YN No Road Frontage Type City Street Road Responsibility Publicly Maintained Road Roof ConcreteRubber

Interior Features

Building Area Total 52505 Cooling Central Air Flooring CarpetConcreteTileVinyl Heating CentralNatural Gas

Property Features

Accessibility Features Elevator Association YN No CCRSubject To No City Taxes Paid To No City Taxes Paid Commercial Location Description Central Business District Complex Name None Flood Plain No Hoa Subject To None Inclusions BuildingLandOther Inside City YN Yes Lease Considered YN No Listing Terms Lease Back New Construction YN No Possible Use CommercialOther - See Remarks Property Sub Type Office Restrictions N/A Restrictions Description Na Senior Community YN No Sewer Public Sewer Special Listing Conditions None Sprinkler None Transaction Type For Sale Water Source City Zoning Cbd



MLS Grid logo Based on information submitted to the MLS GRID as of 2023-12-04T23:33:12.977 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Modern Mountain Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2023 Canopy MLS.

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
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Modern Mountain Real Estate
410 Swannanoa River Drive
Asheville NC, 28805
Canopy MLS logo Offered by G/M Property Group: 828-281-4024. Copyright 2023 Canopy MLS. All rights reserved.