15 Broadway St - Storefront Retail/Office FOR SALE


Asheville, NC 28801- Downtown Asheville
$8,000,000 USD
828-216-8462
15 Broadway St, Asheville, NC for Sale
$8,000,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

15 Broadway St
Asheville, NC 28801
Downtown Asheville


HIGHLIGHTS

  • Redevelopment opportunity - perfect for condominum / hotel project.
  • Prime Downtown Asheville Location!
  • Diversified income and asset mix - combination of street-level retail, hospitality development potential, and dedicated parking.
  • Dedicated downtown parking & long-term value

OVERVIEW

Mixed-Use Redevelopment & Boutique Hospitality Opportunity with Dedicated Parking at 76 College St. Proposed 35-room boutique hotel, cocktail lounge, and ground level retail on both N. Lexington Ave. and Broadway Street. Located in the heart of downtown Asheville, the property sits at the intersection of Broadway Street and the Lexington Avenue retail corridor, two of the city’s most active pedestrian streets. Part of the historic Star Block, originally built in the early 1900s, the building is positioned for redevelopment as Zelda Salon, a proposed 35-key boutique hotel that will preserve the property’s historic character while introducing suite-style guest rooms, curated hospitality spaces, and ground-level retail along both Broadway and Lexington Avenue. The offering also includes the adjacent 76 College Street parking lot, providing approximately 20 surface parking spaces in a supply-constrained downtown environment. Together, the properties present a rare opportunity combining existing retail income, boutique hotel redevelopment potential, and dedicated downtown parking in the center of Asheville’s thriving tourism market.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CBD

APN/PARCEL ID

9649-40-0770-00000

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.