$2,350,000
$2,400,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
2.38 Acres Lot
SOLD DATE : 04/11/2025
Key Details
Sold Price $2,350,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4224543
Sold Date 04/11/25
Year Built 1998
Lot Size 2.380 Acres
Acres 2.38
Property Sub-Type Industrial
Property Description
Rare opportunity to own a fully-leased, multi-tenant flex property in Arden.
Consists of 2 buildings, 5 units, and 17,520 SF on 1 parcel.
Located off Airport Road, property provides easy access to I-26, Asheville Airport, Downtown AVL, and Downtown HVL. Airport Road offers every amenity, EMP zoning allows most commercial uses.
35 Loop Road is 6,320 SF (per County records) and offers loading dock, drive-in door, office, and warehouse space. Leased to Window World through July 2025.
37 Loop Road is 11,200 SF (per County records) divided into 4, 2,800-SF units. Each offers office, warehouse, bathroom, and drive-in door. Leased to 3 tenants; Kitchen & Granite, Joslyn Fine Metalwork, and Rennwerx European Automotive Repair (2 units). Leased thru mid-2025.
Leases average $9.20 per SF, modified gross. MG leases and capital improvements allow owner to add value.
This prime flex property presents a solid investment and potential for growth in a high-demand market.
Location
State NC
County Buncombe
Zoning EMP
Exterior
Street Surface Paved
Building
New Construction false
Others
Senior Community false
Restrictions No Restrictions
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Bill Eckstadt • New Horizons Realty
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