20 Battery Park Ave
Asheville, NC 28801
Flatiron Building · Office Property For Sale

National Historic Register, The Flatiron Building CIRCA 1927 Build as high rise office mixed use w retail. Property supported by Public Parking only w City decks within 1 block, street parking meters and private lots availability. Gross Building approx. 52,000 sq ft w basement, 8 full floors and 9th floor penthouse approx. 650 sq. ft. Property current rental CAP rate does not reflect asking price which is based on replacement cost . $307 per sq ft Cost on list price. with $ 4 million dollar up fit for conversion finished per sq. ft would be approx. 384 per sq. ft. currents rents average approx. $27 per sq. ft (includes utilities). Net Rents average approx. $18 on approx. 33,000 current net leasable space. Net leasable space could also increase with expansion to include 50-75% of now Common areas (21,000 sq. ft 40% of Gross building area) increasing net space from 33,000 sq. ft. to approx. to 48,000 sq. ft.