11 N Market Street

Asheville, NC, 28801

$15,095,475

$287 per ft²
$15,095,475
$287 per ft²
Active
Active
 - For Sale
carpenters-square
52,505 ft²
property_type
Commercial
calendar
Built 1931
VWLF will commit to a longterm triple net lease of a newly constructed single- or multi-tenant building on the Langren Alley lot and of the Lawyers Walk lot, which will continue to provide client parking. While the new building is being designed, permitted and constructed, VWLF will lease back the entirety of its existing location at 11 N. Market Street on a triple net basis. This structure allows the purchaser to concurrently design and secure building permits to redevelop 11 N. Market Street while the building is fully leased to VWLF and cash flowing. Once VWLF occupies the new building, the short term leaseback of 11 N. Market Street will terminate and the purchaser can seamlessly commence redevelopment. 3 parcels/3 PINs.
MLS® ID:
3849830
Listed:
4/13/22
Updated:
8/11/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Carpet, Concrete, Tile, Vinyl
Cooling
Central Air
Heating
Central, Natural Gas

Exterior/Building Features

Lot Size
0.52 acres lot
Architectural Style
Office
Roof
Concrete, Rubber

Other Property Details

Garage
No
Parking
N
View
N
County
Buncombe
Utilities
City Sewer, City Water
Pool
No
Total Stories
4

Courtesy of Jeremy Goldstein, G/M Property Group

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