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15 Broadway St
Asheville, NC 28801
Retail Property For Sale
Investment Highlights
- Redevelopment opportunity - perfect for condominum / hotel project.
- Diversified income and asset mix - combination of street-level retail, hospitality development potential, and dedicated parking.
- Prime Downtown Asheville Location!
- Dedicated downtown parking & long-term value
Executive Summary
Mixed-Use Redevelopment & Boutique Hospitality Opportunity with Dedicated Parking at 76 College St. Proposed 35-room boutique hotel, cocktail lounge, and ground level retail on both N. Lexington Ave. and Broadway Street.
Located in the heart of downtown Asheville, the property sits at the intersection of Broadway Street and the Lexington Avenue retail corridor, two of the city’s most active pedestrian streets. Part of the historic Star Block, originally built in the early 1900s, the building is positioned for redevelopment as Zelda Salon, a proposed 35-key boutique hotel that will preserve the property’s historic character while introducing suite-style guest rooms, curated hospitality spaces, and ground-level retail along both Broadway and
Lexington Avenue.
The offering also includes the adjacent 76 College Street parking lot, providing approximately 20 surface parking spaces in a supply-constrained downtown environment. Together, the properties present a rare opportunity combining existing retail income, boutique hotel redevelopment potential, and dedicated
downtown parking in the center of Asheville’s thriving tourism market.
Located in the heart of downtown Asheville, the property sits at the intersection of Broadway Street and the Lexington Avenue retail corridor, two of the city’s most active pedestrian streets. Part of the historic Star Block, originally built in the early 1900s, the building is positioned for redevelopment as Zelda Salon, a proposed 35-key boutique hotel that will preserve the property’s historic character while introducing suite-style guest rooms, curated hospitality spaces, and ground-level retail along both Broadway and
Lexington Avenue.
The offering also includes the adjacent 76 College Street parking lot, providing approximately 20 surface parking spaces in a supply-constrained downtown environment. Together, the properties present a rare opportunity combining existing retail income, boutique hotel redevelopment potential, and dedicated
downtown parking in the center of Asheville’s thriving tourism market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
34,000 SF
Building Class
B
Year Built
1910
Price
$10,864,000 CAD
Price Per SF
$319.53 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
4.59
Lot Size
0.17 AC
Zoning
CBD - Central Business District
Parking
20 Spaces (0.59 Spaces per 1,000 SF Leased)
Frontage
22’ on Broadway St
Property Taxes
| Parcel Number | 9649-40-0770-00000 | Improvements Assessment | $414,462 CAD |
| Land Assessment | $428,856 CAD | Total Assessment | $843,318 CAD |
Property Taxes
Parcel Number
9649-40-0770-00000
Land Assessment
$428,856 CAD
Improvements Assessment
$414,462 CAD
Total Assessment
$843,318 CAD
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