Asheville, NC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Asheville, North Carolina Market population: 85K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Asheville NC Properties: 0.8900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Asheville NC
Common questions from investors exploring commercial real estate in Asheville NC.
What is the overall investment potential of Asheville, NC?
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Asheville, NC offers a stable investment market with a median household income of $42,016, a relatively high poverty rate of 15.2%, and a strong health insurance coverage of 87.2%, indicating a working-class market with employment stability and access to healthcare. The top industries, including Agriculture, Forestry, Fishing & Hunting, & Mining, and Public Administration, drive the local economy, while the median property value of $196,300 and median property taxes of $19,231 provide a solid foundation for real estate investments. With a diverse population, including White, White Non-Hispanic, and Black ethnicities, Asheville presents a unique opportunity for investors to tap into a growing market.
How does the commute time and transportation infrastructure impact the quality of life for renters in Asheville, NC?
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The average commute time of 17.8 minutes in Asheville, NC, combined with the top commute methods of Drove Alone, Worked At Home, and Carpooled, suggests a convenient and flexible transportation infrastructure, enhancing the quality of life for renters. Additionally, the city's health insurance coverage of 87.2% and a poverty rate of 15.2% indicate a relatively stable and secure population, making it an attractive market for real estate investors. The median age of 38.0 and employed population of 41,546 also contribute to a vibrant and dynamic community.
What role does ethnic diversity play in shaping the demand for real estate investments in Asheville, NC?
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The ethnic diversity of Asheville, NC, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a rich cultural landscape and a strong demand for real estate investments. The city's median household income of $42,016 and income inequality, as measured by the GINI coefficient of 0.478, also suggest a market with a mix of affordable and upscale housing options. Furthermore, the foreign-born rate and top industries, such as Agriculture, Forestry, Fishing & Hunting, & Mining, and Wholesale Trade, indicate a growing and diverse economy, making Asheville an attractive destination for investors and renters alike.
How does the poverty rate and health insurance coverage impact the quality of tenants in Asheville, NC?
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The poverty rate of 15.2% in Asheville, NC, combined with a high health insurance coverage of 87.2%, suggests a working-class market with access to healthcare and a relatively stable population. The median property value of $196,300 and median property taxes of $19,231 provide a solid foundation for real estate investments, while the employed population of 41,546 and top industries, such as Public Administration, drive the local economy. This unique combination of factors makes Asheville an attractive market for investors seeking a balance of affordability and stability.
What are the key factors that contribute to the stability of the real estate market in Asheville, NC?
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The stability of the real estate market in Asheville, NC, can be attributed to a combination of factors, including the median household income of $42,016, a relatively high homeownership rate of 50.0%, and a strong health insurance coverage of 87.2%. The city's diverse economy, with top industries such as Agriculture, Forestry, Fishing & Hunting, & Mining, and Public Administration, also contributes to a stable market. Additionally, the average commute time of 17.8 minutes and the median age of 38.0 suggest a convenient and desirable location, making Asheville an attractive destination for real estate investors and renters alike.
Asheville NC Real Estate & City Facts
Key facts and real estate information about Asheville NC.
What are some of the best neighborhoods to live in Asheville?
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Some of the best neighborhoods to live in Asheville include the River Arts District, Kenilworth, and Montford. Each neighborhood has its own unique character, with the River Arts District being a cultural hotspot, Kenilworth offering a mix of historic bungalows and multi-family homes, and Montford being known for its historic homes and beautiful architecture. There are also other great neighborhoods to consider, such as West Asheville and Grove Park, each with their own pros and cons.
What are some fun things to do in Asheville?
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Asheville has a wide range of fun things to do, including visiting the Biltmore Estate, exploring the Blue Ridge Parkway, and discovering the River Arts District. You can also stroll through downtown Asheville, visit the North Carolina Arboretum, and check out the local breweries and wineries. If you're looking for outdoor activities, there are plenty of hiking trails, lakes, and rivers to explore. Additionally, the city has a vibrant arts and culture scene, with numerous galleries, museums, and performance venues to visit.
What is the food scene like in Asheville?
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The food scene in Asheville is diverse and vibrant, with a wide range of restaurants serving everything from New American to Mediterranean to Indian cuisine. Some popular spots include The Admiral, Chestnut, and The Bull and Beggar, which offer fine dining, seasonal comfort food, and stellar wine lists. There are also plenty of great food trucks, cafes, and bakeries to try, as well as a thriving brewery and winery scene. Whether you're in the mood for something fancy or casual, Asheville has plenty of options to suit your taste and budget.
What are the pros and cons of living in Asheville?
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Asheville is a beautiful city with a lot to offer, but like any place, it has its pros and cons. Some of the pros include the city's vibrant arts and culture scene, its stunning natural beauty, and its wide range of outdoor activities. However, some of the cons include the city's growing popularity, which has led to increased traffic and higher living costs. Additionally, the city's job market can be competitive, and the winters can be cold and snowy. Overall, whether or not Asheville is a good fit for you will depend on your individual priorities and preferences.
Is Asheville a good place to live?
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Asheville can be a great place to live, depending on what you're looking for. The city has a lot to offer, from its beautiful scenery and outdoor activities to its vibrant arts and culture scene. However, it's also a popular tourist destination, which can make it feel crowded and expensive at times. If you're looking for a relaxed, small-town vibe, you may want to consider other options. But if you're looking for a city with a lot of energy and activity, Asheville could be a great fit. Ultimately, the decision of whether or not Asheville is a good place to live will depend on your individual needs and priorities.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Asheville NC Commercial Property: $42,016
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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