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9 Reed St 28,418 SF 100% Leased Flex Building Asheville, NC 28803 $2,250,000 ($79.18/SF)
Investment Highlights
- Prime Asheville Location – Just minutes from Biltmore Estate, Biltmore Village, downtown Asheville, and I-40.
- Ready for Adaptive Reuse – Heavy-duty steel beams, expansive concrete foundations, and a flexible layout provide a strong foundation for redevelopment
- High-Visibility Investment Opportunity
Executive Summary
Exceptional commercial redevelopment opportunity on 2.37 acres in Asheville, just minutes from the entrance to Biltmore Estate, Biltmore Village, downtown Asheville, and Interstate 40. This historic 1921 industrial building offers a blank canvas for adaptive reuse, mixed-use development, office, retail, hospitality, or investment opportunities. Existing features include heavy-duty steel support beams, expansive pour-ready concrete foundations, and exposed historic brickwork, providing character and structural integrity for future redevelopment. Located in a high-demand commercial corridor with excellent accessibility and redevelopment potential, this unique property presents a rare opportunity to create a landmark destination in one of Asheville's most desirable locations.
Property Facts
| Price | $2,250,000 | Lot Size | 2.37 AC |
| Price Per SF | $79.18 | Rentable Building Area | 28,418 SF |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1921 |
| Property Type | Flex | Clear Ceiling Height | 15’ |
| Property Subtype | Showroom | No. Dock-High Doors/Loading | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | River | ||
| Price | $2,250,000 |
| Price Per SF | $79.18 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 2.37 AC |
| Rentable Building Area | 28,418 SF |
| No. Stories | 1 |
| Year Built | 1921 |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 1 |
| Opportunity Zone |
Yes |
| Zoning | River |
Utilities
- Water
- Sewer
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 9648-70-3204-00000 | Improvements Assessment | $43,300 |
| Land Assessment | $285,200 | Total Assessment | $328,500 |
Property Taxes
Parcel Number
9648-70-3204-00000
Land Assessment
$285,200
Improvements Assessment
$43,300
Total Assessment
$328,500
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