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31600881
31600882

9-13 Broadway Street, Asheville, NC 28801 For Sale

JL
NC 192865
The Real  Estate Center
Listed by The Real Estate Center
$3,500,000
99 days on market
Updated 17 days ago

9-13 Broadway St.

Details
APN 964940261500000,964940261200000
Property Type Mixed Use, Retail (+1)
Sub Type Restaurant, Storefront (+2)
Square Footage 6,276
Units 2
Cap Rate 4.78%
NOI $167,341
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 1927
Year Renovated 2024
Buildings 2
Stories 1
Acreage 0.120
Zoning CBD
Investment Type Stabilized
Ground Lease No

Retail | 4.78% CAP | 6,276 SqFt

Marketing description

Fully leased, mixed-use historic asset located in the heart of downtown Asheville, NC, offering a stabilized and diversified income stream. Positioned steps away from Pack Square in between the AC Marriott and The Kimpton Arras Hotel. Built in 1920 and updated in 2024, the property at 9-13 Broadway Street features three ground-level retail spaces, including a restaurant, and two fully furnished residential units (1BR/1.5BA and 1BR/1BA). The asset is 100% occupied with stable tenants and renewal options in place, providing predictable cash flow and long-term income security. Positioned in Asheville's high-traffic, tourism-driven urban core and surrounded by strong hospitality and retail development, this investment offers multiple revenue streams and a balanced income profile in the heart of downtown Asheville. (Sale includes 2 buildings: PIN 13 Broadway - 964940261500000 and PIN 9 Broadway - 964940261200000. (No showings until after April 13th)

Investment highlights

  • Stabilized mixed-use downtown asset
  • Long-term tenant leases
  • Multiple revenue streams
  • Located in Asheville's historic urban core
  • Tourism-driven retail market
  • Strong surrounding hospitality development

Listing Contacts

JL
NC 192865
The Real  Estate Center
Listed by The Real Estate Center

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$167,341.00
$13,945.08/mo

Valuation Metrics

0
DSCR
4.78%
Cap Rate
4.78%
ROI

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