109 Roberts St - Retail FOR SALE


Asheville, NC 28801- River Arts District
$4,800,000 USD
828-216-8462
109 Roberts St, Asheville, NC for Sale
$4,800,000 USD
Retail - FOR SALE
1/13
null | 6.98% Cap Rate

109 Roberts St
Asheville, NC 28801
River Arts District


HIGHLIGHTS

  • Historic artist studio building in Asheville's River Arts District
  • Over 20,800 SF across five floors of studio and creative workspace
  • Home to 35+ artists, makers, and creative businesses
  • Located adjacent to The Radical Hotel, one of Asheville's newest boutique hospitality destinations
  • Strong tenant demand driven by Asheville's nationally recognized arts community
  • Positioned within one of the Southeast's most active cultural tourism markets

OVERVIEW

HISTORIC, CREATIVE WORKSPACE INVESTMENT OPPORTUNITY OFFERED AT $4,800,000 Phil Mechanic Studios offers a rare opportunity to acquire a historic creative workspace building in Asheville’s River Arts District. Located at 109 Roberts Street and spanning more than 20,800 square feet across five floors, the property serves as a long-standing anchor for the district’s arts community. Home to more than 35 artists and creative businesses, the building benefits from strong demand driven by Asheville’s nationally recognized arts and tourism economy. Positioned adjacent to The Radical Hotel and within one of the city’s most active redevelopment corridors, the property offers a distinctive investment within one of the Southeast’s most vibrant creative districts.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Phil Mechanic Studios Building

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

Form Based Code

APN/PARCEL ID

9638-97-7601-00000,9638-97-8711-00000

ASK ABOUT THIS PROPERTY

Jay LurieThe Real Estate CenterMore Info
828-216-8462

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Jay LurieThe Real Estate CenterMore Info
828-216-8462

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.