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144 E Chestnut

$795,000

144 East Chestnut Street, Asheville, NC 28801

Active
Last Updated: 02/06/2025

2.2

Cap Rate

2,396 sqft

Building Size

Details:
Cap Rate:    2.2%
Building Size:    2,396 sqft
Lot Area:    0.25 acres
Occupancy:    80%
Units:    5
Year Built:    1908
Zoning:    Office
Floors:    2
Heating:    Forced Air Gas
Cooling:    Central
Description:

Unique opportunity in the bustling office district of North Asheville, just one block from Trader Joes and Harris Teeter, and approximately 4 blocks to Downtown Asheville   This 1908 craftsman was upgraded to modern codes in 2008 with a down to the studs renovation, including new electrical and plumbing, windows, oak flooring and more, while maintaining the charm of its era with cedar shake gable and clean wood siding.  This property features a reception area with a gas fireplace, 5 individual office spaces, each with their own gas fireplaces, a full kitchen and 2 bathrooms and a bonus nook upstairs.  There is ample parking behind the building with one covered space, and a wheelchair ramp leading into the kitchen.  Streetside visibility is excellent, with a post sign near the sidewalk, and the curb appeal and landscaping couldn’t be better.  There was no damage to this property from Hurricane Helene.  Call today to schedule your showing!


Fantastic central location in North Asheville, near Trader Joes, Whole Foods, Harris Teeter and other professional services such as attorney's offices, Downtown Asheville Yoga, Asheville Salt Cave, etc...


Excellent location

1908 Building extensively remodelled in 2008

Easy value add scenario

 

 

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