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11 N Market Street

Asheville, NC 28801
  • $15,095,475
  • STATUS: Active
  • ON SITE: 172 Days
  • ID#: 3849830
UPDATED: 33 min ago
$15,095,475
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 52,505
    SQFT
  • $288
    $/SQFT
Type:
Commercial
Built:
1931
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by G/M Property Group: 828-281-4024. Copyright 2022 Canopy MLS. All rights reserved.

Description

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.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2022-10-04T08:33:32.863 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither The Ordan Reider Group at Allen Tate Company nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2022 Canopy MLS.

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11 N Market Street Asheville, NC 28801

  • Price: $15,095,475
  • Status: Active
  • On Site: 172 Days
  • Updated: 33 min ago
  • ID#: 3849830
0
Beds
0
Baths
0
½ Baths
0.52
Acres
52,505
SQFT
$288
$/SQFT
1931
Built
County:
Buncombe
Area:
Asheville
Property Description
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.
Exterior Features

Construction Materials BrickStoneStucco Construction Type Site Built Foundation Details Slab Road Frontage Type City Street Road Responsibility Public Maintained Road Roof ConcreteRubber Structure Type Office

Interior Features

Building Area Total 52505 Cooling Central Air Flooring CarpetConcreteTileVinyl Heating CentralNatural Gas

Property Features

Accessibility Features Elevator CCRSubject To No Commercial Location Description Central Business District Complex Name None Documents Aerial PhotoBrochureFloor PlanSurvey Flood Plain No Hoa Subject To None Inclusions BuildingLandOther Inside City YN Yes Listing Terms Lease Back New Construction YN No Possible Use CommercialOther Property Sub Type Commercial Property Sub Type Secondary Other Restrictions N/A Restrictions Description Na Special Listing Conditions None Sprinkler None Transaction Type For Sale Utilities City SewerCity Water Zoning Description Cbd



MLS Grid logo Based on information submitted to the MLS GRID as of 2022-10-04T08:33:32.863 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither The Ordan Reider Group at Allen Tate Company nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2022 Canopy MLS.

Digital Millennium Copyright Act
 
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The Ordan Reider Group at Allen Tate Company
10851 Providence Road
Charlotte NC, 28277
Canopy MLS logo Offered by G/M Property Group: 828-281-4024. Copyright 2022 Canopy MLS. All rights reserved.