Description
125,000sf warehouse building on 17.4 acres, with land approved for additional development.
Prime location - There is no comparable site in greater Asheville.
Compelling opportunity for a value-add buyer to hold the asset until the below market lease expires ($222,000 NOI for 3 years), then re-tenant at $7+ psf. Future $875,000 NNN income = $13M value (at 6.5% cap).
Surplus Land Value is an additional $2M+.
Approvals granted to build 93,000sf of additional warehouse/ or could support 100 multifamily units.
Detailed site plans are available.
Building details:
- Warehouse area 1- 20,000sf: 26' clear with 4 docks
- Warehouse area 2 - 37,000sf: 17' clear with 2 docks
- Production area - 58,000sf: 13' clear/ perimeter windows
- 6,000sf office space
- new TPO roof 15 year warranty remains
- clean Phase 1
Location
The data relating to real estate on this website derive in part from the Internet Data Exchange 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 Lilac Realty 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
Based on information submitted to the MLS GRID as of "Updated" date listed below. 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. Some IDX listings have been excluded from this website Updated: 8th June, 2023 4:55 AM (UTC)
Based on information submitted to the MLS GRID as of "Updated" date listed below. 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. Some IDX listings have been excluded from this website Updated: 8th June, 2023 4:55 AM (UTC)
Listing Office: Pulliam Properties, Inc
Attribution contact: 828-684-4344 | 828-606-2987
