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7 McDowell St 6,410 SF Office/Medical Condo Unit Offered at $2,140,000 in Asheville, NC 28801
Executive Summary
The property is ideally located in downtown Asheville, NC, offering convenient access to a range of amenities Nearby, you'll find a variety of dining options, local breweries, and boutique shops, as well as essential services such as pharmacies and healthcare facilities. The Thomas Wolfe Memorial, Pack Square Park, and the Asheville Art Museum are also in close proximity. With easy access to urban conveniences, the property's location is a well-suited location to operate your business for both guests and employees alike.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 9648360035 |
| Cap Rate | 6.94% |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.94% |
| APN/Parcel ID | 9648360035 |
Description
Featuring the sale of two units (100 & 300) with a combined square footage of 6,410. Part of the 7 McDowell Street Condominiums, were constructed in 1979 on 1.117 acres. The building has recently undergone upgrades, including a new roof, a resurfaced asphalt parking lot. Also, the tenant, Labcorp, It has recently renovated the interior. With LabCorp, being a great national tenant which has been there long-term, and a centralized location, within view of Mission Hospital, this property is a compelling investment opportunity.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 100/300 | 6,410 SF | Office/Medical | $2,140,000 ($333.85/SF) | $148,551.75 |
Unit 100/300
| Unit Size |
| 6,410 SF |
| Condo Use |
| Office/Medical |
| Price |
| $2,140,000 ($333.85/SF) |
| NOI |
| $148,551.75 |
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Unit 100/300
| Unit Size | 6,410 SF |
| Condo Use | Office/Medical |
| Price | $2,140,000 ($333.85/SF) |
| NOI | $148,551.75 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.94% |
| APN/Parcel ID | 9648360035 |
| Description | |
| Featuring the sale of two units (100 & 300) with a combined square footage of 6,410. Part of the 7 McDowell Street Condominiums, were constructed in 1979 on 1.117 acres. The building has recently undergone upgrades, including a new roof, a resurfaced asphalt parking lot. Also, the tenant, Labcorp, It has recently renovated the interior. With LabCorp, being a great national tenant which has been there long-term, and a centralized location, within view of Mission Hospital, this property is a compelling investment opportunity.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 11,589 SF | Typical Floor Size | 11,589 SF |
| Property Type | Office (Condo) | Year Built | 2004 |
| Property Subtype | Medical | Lot Size | 1.18 AC |
| Building Class | B | Parking Ratio | 4.31/1,000 SF |
| Floors | 1 | Opportunity Zone |
Yes
|
| Zoning | OB | ||
| Total Building Size | 11,589 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 11,589 SF |
| Year Built | 2004 |
| Lot Size | 1.18 AC |
| Parking Ratio | 4.31/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | OB |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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Matterport 3D Exterior
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Photos
Street View
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7 McDowell St
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