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$15,095,475
11 N Market St, Asheville, NC 28801
0 Beds
0 Baths
52,505 SqFt

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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.
  • Price:
  • $15,095,475
  • Square Footage:
  • 52,505
  • Acreage:
  • 0.52
  • Year Built:
  • 1931
  • Listing ID #:
  • CAR3849830
  • Street Address:
  • 11 N Market St
  • City:
  • Asheville
  • State:
  • North Carolina
  • Postal Code:
  • 28801
  • County:
  • Buncombe
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Approximate Total Liveable Area:
  • 52505
  • Construction Description:
  • Brick, Stone, Stucco
  • Construction Type:
  • Site Built
  • Flooring:
  • Carpet, Concrete, Tile, Vinyl
  • Foundation:
  • Slab
  • Has Handicap Features:
  • Elevator
  • Stories:
  • 4
  • Structure:
  • Office
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 52505
  • Type Of Roof:
  • Concrete, Rubber
  • Year Built:
  • 1931
  • Lot Size:
  • 0.52
  • Lot Size Units:
  • Acres
  • Road Frontage Type:
  • City Street
  • Suitable Use:
  • Commercial, Other
  • Zoning Description:
  • Cbd
  • Days On Market:
  • 79
  • Included In Sale:
  • Building, Land, Other
  • Originating Mls:
  • Carolina
  • Terms:
  • Lease Back
  • Cooling System:
  • Central Air
  • Heating:
  • Central, Natural Gas
  • Utilities:
  • City Sewer, City Water
  • Listing Provided By G/M Property Group
  • NCCANOPY
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC