The Phil Mechanic Studios Building 109 Roberts St 20,800 SF 100% Leased Retail Building Asheville, NC 28801 $6,626,256 CAD ($318.57 CAD/SF) 6.98% Cap Rate

Phil Mechanic Studios offers a rare opportunity to acquire a historic creative workspace building in Asheville's River Arts District. Located at 109 Roberts Street and spanning more than 20,800 square feet across five floors, the property serves as a long-standing anchor for the district's arts community. Home to more than 35 artists and creative businesses, the building benefits from strong demand driven by Asheville's nationally recognized arts and tourism economy. Positioned adjacent to The Radical Hotel and within one of the city's most active redevelopment corridors, the property offers a distinctive investment within one of the Southeast's most vibrant creative districts. Located in between The Radical Hotel and The Wedge Studio's. The sale includes the parking lot across the street on the corner.
Historic creative workspace in Asheville's River Arts District adjacent to The Radical Hotel along Clingman and Roberts Streets, offering a prominent mixed-use presence in the city’s arts-focused redevelopment corridor.