Date
Details
Price
Change
Source
9/29/2026
Listed
$5,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
This landmark historic commercial property in the heart of Downtown Asheville presents a rare opportunity to acquire a 100% occupied, architecturally distinctive asset with a long-standing, reputable tenant history. The property offers approximately ±24,332 SF on ±0.20 acres of thoughtfully designed, light-filled space across three floors. Zoned CBD, fully sprinklered and featuring a freight elevator, the building has a functional layout for a variety of commercial uses and potential for development of additional rentable SF in the lower level. The property has been home for more than three decades to Blue Spiral 1, one of the South's largest and most renowned art galleries. Located along Biltmore Avenue within Asheville's vibrant and walkable downtown core, the property offers convenient access to major thoroughfares, with I-240 approximately 1 mile away and I-40 approximately 3 miles away, providing connectivity to I-26, US 25, US 70, and other regional routes.
Full Property Details
Full Property Details for 38 & 40 Biltmore Ave
General
- Price: $5,995,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4429116
- Updated: 10/2/2026
- Added to Site: 6 day(s) ago
Interior
- Appliances: Dishwasher, Refrigerator
- Flooring: Carpet, Concrete, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
Location
- County: Buncombe
- City Limits: Yes
Heating & Cooling
- Cooling Type: Electric, Heat Pump
- Heating Type: Electric, Heat Pump, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Electricity Connected
Structural Information
- # Buildings: 2
- Construction: Site Built
- Basement: Yes
- Basement Desc.: Exterior Entry, Interior Entry, Storage Space, Walk-Out Access, Walk-Up Access
- Square Feet: 24,332
- Minimum Avail: 24,332 Sq. Ft.
- Year Built: 1925
Lot Features
- Street/Road Desc.: Paved
- Elevation (Approx.): 2000
- Lot Features: Level, Paved
- Rcmdd Zoning: CBD
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Restrictions: Other - See Remarks
- Inclusions: Building, Land
- Property ID: 9648-49-5851-00000
- Plat: 20/66
- Lot Number: 6257/1698
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— 38 & 40 Biltmore Ave —
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Schools
Schools serving 38 & 40 Biltmore Ave
School District:Asheville City Schools
| Name | Grades | Distance |
|---|---|---|
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801 | K-5 | 1 mi |
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801 | K-5 | 1 mi |
Asheville High 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.4 mi |
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801 | 6-8 | 0.7 mi |
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.4 mi |
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806 | K-5 | 1.8 mi |
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804 | K-5 | 2.5 mi |
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806 | K-5 | 3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 38 & 40 Biltmore Ave
Estimate the Cost
Estimate the Cost for 38 & 40 Biltmore Ave
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38 & 40 Biltmore Avenue, Asheville, NC 28801 (MLS# 4429116) is a Commercial property. 38 & 40 Biltmore Avenue is currently listed for $5,995,000 and was received on September 29, 2026. Want to learn more about 38 & 40 Biltmore Avenue? Do you have questions about finding other Commercial real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.