5 Walnut St - Apartments FOR SALE


Asheville, NC 28801- Downtown Asheville | 
$3,600,000 USD
828-216-8462
5 Walnut St, Asheville, NC for Sale
$3,600,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

5 Walnut St
Asheville, NC 28801
Downtown Asheville


HIGHLIGHTS

  • An iconic commercial space with strong identity and long-standing recognition in the Asheville market
  • Four premium residential units with established short-term rental potential
  • An iconic commercial space with strong identity and long-standing recognition in the Asheville market
  • Opportunity to realize additional value through a mixed-use condo structure or separate future disposition of the residential and commercial component
  • The rarity of acquiring a fully stabilized, downtown Asheville asset with both immediate income and multiple long-term value creation strategies

OVERVIEW

5 W Walnut Street offers a mixed-use investment opportunity in the heart of downtown Asheville. The property is currently home to 5 Walnut Wine Bar and also includes four vacant residential units. The residential units are approved for short-term rental (STR) use but are not currently being used as short-term rentals. The property also includes a leased retail space that is currently producing income, offering a mix of residential and commercial uses in a desirable downtown location.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$817 USD /SF

# OF UNITS

4

PRICE/UNIT

$900,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

CBD

APN/PARCEL ID

9649-40-1927-00000

ASK ABOUT THIS PROPERTY

Jay LurieDewey Property AdvisorsMore Info
828-216-8462

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Jay LurieDewey Property AdvisorsMore Info
828-216-8462

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