53 Asheland Avenue, Asheville, NC 28801 - Photo 1

1/1

$1,698,750

Sold
Closed
Commercial

1/1

Property Description

Passive investment opportunity in downtown Asheville! This fully-leased condo portfolio is located in the heart of the thriving South Slope, and boasts abundant parking, secure and zero grade entry, and strong monument sign visibility on Asheland Avenue and Grove Street. Attractive long-term leases include the State of NC (Mountain Area Workforce Development Board), and the non-profit Buncombe County Partnership for Children. Condos 102A, 104, and 105 are offered together at a 7.78% capitalization rate on blended and stabilized net rent. Contact List Agents for additional information about this clean investment sale opportunity! Suites 104/105 Virtual Tour: https://youriguide.com/suite_105_53_asheland_ave_asheville_nc/ Suite 102A Virtual Tour: https://youriguide.com/suite_102a_53_asheland_ave_asheville_nc/ Associated PINs: 9648297342C002A, 9648297342C0104, 9648297342C0105

Full Property Details

Full Property Details for 53 Asheland Ave

General

Sold For: $1,698,750
Status: Closed
Type: Commercial
Source: Charlotte_Regional_Realtor_Association
MLS ID: 4166329
Added to Site: 536 day(s) ago

Parking

Parking Features: Parking Lot, Parking Space(s)

Location

County: Buncombe
City Limits: Yes

Heating & Cooling

Cooling Type: Central Air
Heating Type: Electric, Natural Gas

Utilities

Sewer: Public Sewer
Water: City
Utility Description: Other - See Remarks

Structural Information

Construction Status: Completed
Construction: Site Built
Exterior Const.: Hard Stucco
Roof: Flat
Minimum Avail: 6,564 Sq. Ft.
Year Built: 1970

Lot Features

Street/Road Desc.: Paved
Elevation (Approx.): 2000
Lot Features: Level
Rcmdd Zoning: CBD
Fencing (Description): Partial

Financial Considerations

Terms: Cash, Conventional

Disclosures and Reports

Restrictions: Other - See Remarks
Inclusions: Other
Property ID: Multiple - See Remarks
Plat: 106/10
Lot Number: 5665/520

Listed by Keller Williams Professionals
Sold by Canopy Administration

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— 53 Asheland Ave —

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Schools

Schools serving 53 Asheland Ave

School District:Asheville City Schools

Name	Grades	Distance
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801	K-5	1.1 mi
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801	K-5	1.1 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	0.4 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	1.5 mi
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804	K-5	2.6 mi
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806	K-5	2.7 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 53 Asheland Ave

Date

Details

Price

Change

Source

12/15/2025

Sold

$1,698,750

-2.65%

MLS

9/03/2025

Price Reduced

$1,745,000

-2.79%

MLS

7/31/2024

Listed

$1,795,000

—

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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Beds
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Total Baths

53 Asheland Avenue, Asheville, NC 28801 (MLS# 4166329) is a Commercial property that was sold at $1,698,750 on December 15, 2025. Want to learn more about 53 Asheland 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.

53 Asheland Ave Asheville, NC 28801