15 Rankin Ave unit 6Asheville, NC

Sold
SOLD
  • List Price
    $625,000
  • MLS Number
    4082554
  • Square Feet
    1,206
Easy investment opportunity with a stable, long-term tenant in place in a prominent downtown Asheville location. Premium street-level commercial space on high footfall street adjacent to Rankin Parking Garage (262 spaces). A true NNN lease & ideal passive income scenario. Tenant pays property tax, insurance and condo association fees directly, services the HVAC system and pays all utilities. 2023 rent is $30/SF and increases by 3% per year, expiring March 2032. Rankin Press Lofts is a professionally managed condo association in the Central Business District featuring high quality construction and no vacancy. Surrounded by retail shops, restaurants/bars, galleries, offices and residential condos and located in close proximity to I-240 & I-26, Harrah Cherokee Center Asheville, Grove Arcade & Pack Square Park. Please do not disturb the tenant - contact the listing agent for all showings.

Monthly dues are $162.25 Covers water, common area maintenance, condo association insurance, etc.