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$5,200,000
101 Patton Ave, Asheville, NC 28801
0 Beds
0 Baths
n/a SqFt

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Extremely rare opportunity to purchase property currently housing the Jubilee Community Church on 2 levels totaling 10,725 SF in the heart of Downtown Asheville steps to the Grove Arcade, Pritchard Park and Harrah’s Cherokee Center & Thomas Wolfe Auditorium. Property is in the Central Business District so there is a wide array of potential commercial uses for the existing structure. The upper level has 65 feet of frontage on Wall Street with approximately 5850SF. The lower level has 65 ft of frontage on Patton Ave. with approximately 4875SF. The Lower level can be demised off and sold as a commercial condominium separately. The entrance to the property is directly across from the City owned Wall Street Parking garage with 475 parking stalls. The proximity to surrounding downtown businesses also makes this property ideal for other approved mixed-use redevelopment projects (zoned CBD). With minimal vertical development the property could take in substantial long-range mountain views.
  • Price:
  • $5,200,000
  • Acreage:
  • 0.13
  • Year Built:
  • 1936
  • Listing ID #:
  • CAR3900620
  • Street Address:
  • 101 Patton Ave
  • City:
  • Asheville
  • State:
  • North Carolina
  • Postal Code:
  • 28801
  • County:
  • Buncombe
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Construction Description:
  • Block, Concrete, Frame, Glass, Metal, Stucco, Wood
  • Construction Type:
  • Site Built
  • Has Handicap Features:
  • Two Or More Access Exits
  • Stories:
  • 2
  • Structure:
  • Office
  • Year Built:
  • 1936
  • Elevation:
  • 2000
  • Lot Size:
  • 0.13
  • Road Frontage Type:
  • City Street, Interstate
  • Suitable Use:
  • Commercial
  • Zoning Description:
  • Cbd
  • Days On Market:
  • 96
  • Included In Sale:
  • Building, Fixtures, Land
  • Previous Listing Price:
  • 5900000
  • Terms:
  • Cash, Conventional
  • Cooling System:
  • Central Air
  • Heating:
  • Central, Multizone Heat
  • Utilities:
  • Cable Available, City Sewer, City Water, Electricity Available, Fiber Optics, Natural Gas Available, Telephone On-Site
  • Listing Provided By Nai Allen Tate Beverly-Hanks Commercial
  • Listings courtesy of Canopy MLS as distributed by MLS GRID NCCANOPY
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

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