251 Biltmore Ave

251 Biltmore Ave , Asheville, North Carolina, 28801 | 4,717 sq.f | $ 1,290,000

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About This Restaurant

Investment Highlights

Strategically located on the corner of a signalized intersection along one of the major gateways to Downtown Asheville. Great visibility on a 4-lane road with 15,500 VPD and 174 FT of road frontage. Immediate proximity to McCormick Baseball Field, Mission Hospital and the booming South Slope District of Asheville. Zoned CBD and located in an Opportunity Zone.

Executive Summary

Strategically located on the corner of a signalized intersection along one of the major gateways to Downtown Asheville, this rare find is in immediate proximity to McCormick Baseball Field, Mission Hospital and the booming South Slope District of Asheville. Great visibility on a 4-lane road with 15,500 VPD and 174 FT of road frontage. 4,717 SF freestanding building on 0.18+/- acres with a loading dock, 2 roll-up doors, tall ceilings (11 FT - 14.5 FT) and concrete flooring. Zoned CBD and located in an Opportunity Zone. Currently used as a distillery, the property is equipped with a brewing room, 2 bars, plenty of storage areas and office space. Known as Asheville?s unofficial ?Brewery District?, there are 10+ breweries within a few blocks of the site including Wicked Weed Funkatorium, Burial Beer Co., Green Man, Hi-Wire & more. Named one of the Top 50 Small Cities to Start a Business (WalletHub.com, 2023), Asheville is a year-round destination with a bustling economy. Please do not disturb the owner. All showings will be listing agent accompanied and must take place either Monday (anytime), Tuesday - Friday (9am - 3:00pm). Please email listing agent for all showing requests.*** Seller is now offering a $10,000 Buyer Agent Bonus for an accepted offer by 7/18/2024 ***View More Info: https://singlepointmedia.hd.pics/251-Biltmore-Ave

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office Freestanding
  • Building Size    4,717
  • Building Class    B
  • Year Built    1949
  • Price    1,290,000
  • Price Per SF    273
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.60
  • Land Acres    0.18 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Storage Space

Nearby Amenities & Transportation

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Retail First Bank
Retail Wells Fargo Home Mortgage
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Retail Lenny's Franchisor, LLC Support Center
Retail Ingles

Property Taxes

Parcel Number 9648-47-1240-00000 Improvements Assessment $313,600
Land Assessment $198,700 Total Assessment $512,300
Date Created: 2024-07-16 04:16:23 Last Updated: 2024-07-16 04:16:23
Address: 251 Biltmore Ave , Asheville, North Carolina, 28801