5 Walnut Street, Asheville, NC 28801
sale
$3,600,000
|
Other
Courtesy Of Dewey Property Advisors
5 Walnut Street offers a mixed-use investment opportunity in the heart of downtown Asheville. The property is currently home to 5 Walnut Wine Bar and also includes four vacant residential units. The residential units are approved for short-term rental (STR) use but are not currently being used as short-term rentals. The property also includes a leased retail space that is currently producing income, offering a mix of residential and commercial uses in a desirable downtown location. Prime Downtown Asheville location on West Walnut Street, surrounded by established restaurants, retail, and entertainment. Highly walkable with convenient access to the heart of downtown. Highlights: Turnkey, income-producing mixed-use investment, four premium residential units with established short-term rental potential, an iconic commercial space with strong identity and long-standing recognition in the Asheville market. opportunity to realize additional value through a mixed-use condominium structure or separate future disposition of the residential and commercial components, the rarity of acquiring a fully stabilized, downtown Asheville asset with both immediate income and multiple long-term value creation strategies.
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Property Features
- Age: Over 50 Years Old
- Floors: 4
- Legal Description: Deed Date: 09/08/2008 Deed: 4606-0021 Subdiv: 5 WALNUT LANE CONDOS Block: Lot: Section: Plat: 0123-0154
- MLSID: 4437141
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