www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29972607

Downtown Asheville Legend

GB
101278
National Restaurant Properties
Listed by National Restaurant Properties
$1,495,000
100 days on market
Updated 72 days ago
Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 3,500
Price per SqFt $427
Investment Type Owner/User

Restaurant Business for Sale | 3,500 SF

Marketing description

Step into ownership of a long-standing downtown Asheville favorite with a proven 20-year track record and the financials serious operators look for.

This highly profitable restaurant generates $2.7M in annual sales and is built on an efficient labor model with just 32% labor cost, delivering strong margins in one of the Southeast’s most sought-after food scenes.

This opportunity offers prime downtown location at the center of Asheville’s dining and nightlife corridor, with 3,500 SF of space and exceptionally low rent at $7,500/month

Turnkey, full-scale production kitchen with two 8-foot hoods and 8x10 walk-in cooler

Secondary prep kitchen, fully-equipped with 8-foot hood, sinks, tables and 4x8 walk-in

Attractive dining layout with 50 traditional seats (mix of 2-tops and 4-tops) and seating for 12 at high-top bar tables

Stunning bar with 20 seats, beautifully finished and guest-ready

Investment opportunity Ideal for: Experienced restaurateurs seeking a cash-flowing flagship location, Multi-unit operators expanding into Asheville, Owner-operators looking for a proven concept with upside and/or Investors interested in a business + potential real estate play

This business is built for growth: Currently open six evenings only (5–9 PM), this operation offers a clear and immediate upside. Adding lunch and/or brunch service presents a compelling opportunity to significantly increase revenue without expanding footprint or overhead.

Opportunities like this—profitable, established, and centrally located—rarely come to market in downtown Asheville.

Real estate purchase option available (terms negotiated separately)

Listing Contacts

GB
101278
National Restaurant Properties
Listed by National Restaurant Properties

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591