$582,000
$625,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
15 Rankin AVE #6 Asheville, NC 28801
1 Bath
Key Details
Sold Price $582,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4082554
Sold Date 11/30/23
Year Built 2014
Property Sub-Type Retail
Property Description
CALL FOR HIGHEST AND BEST OFFERS BY 2 PM ON 11/08/23. SELLER WILL RESPOND BY 5 PM 11/08/23. Easy investment opportunity with a stable, long-term tenant in place in a prominent downtown Asheville location. Premium street-level commercial space on high footfall street adjacent to Rankin Parking Garage (262 spaces). A true NNN lease & ideal passive income scenario. Tenant pays property tax, insurance and condo association fees directly, services the HVAC system and pays all utilities. 2023 rent is $30/SF and increases by 3% per year, expiring March 2032. Rankin Press Lofts is a professionally managed condo association in the Central Business District featuring high quality construction and no vacancy. Surrounded by retail shops, restaurants/bars, galleries, offices and residential condos and located in close proximity to I-240 & I-26, Harrah Cherokee Center Asheville, Grove Arcade & Pack Square Park. Please do not disturb the tenant - contact the listing agent for all showings.
Location
State NC
County Buncombe
Zoning CBD
Interior
Heating Central
Cooling Central Air
Flooring Wood
Exterior
Utilities Available Electricity Connected
Waterfront Description None
View City
Street Surface Paved
Accessibility Mobility Friendly Flooring
Building
Sewer Public Sewer
Water City
New Construction false
Others
Senior Community false
Restrictions Building,Use
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Subject to Lease
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with John Menkes • G/M Property Group