$5,995,000
38 & 40 Biltmore Ave, Asheville, NC 28801
0 bed · 4 bath
0
bedrooms
4
baths
N/A
sq.ft.
N/A
price per sf
Presented by Citadel Cofield · Office (980) 272-8547
About This Property
This landmark historic commercial property in the heart of Downtown Asheville presents a rare opportunity to acquire a 100% occupied, architecturally distinctive asset with a long-standing, reputable tenant history. The property offers approximately ±24,332 SF on ±0.20 acres of thoughtfully designed, light-filled space across three floors. Zoned CBD, fully sprinklered and featuring a freight elevator, the building has a functional layout for a variety of commercial uses and potential for development of additional rentable SF in the lower level. The property has been home for more than three decades to Blue Spiral 1, one of the South’s largest and most renowned art galleries. Located along Biltmore Avenue within Asheville’s vibrant and walkable downtown core, the property offers convenient access to major thoroughfares, with I-240 approximately 1 mile away and I-40 approximately 3 miles away, providing connectivity to I-26, US 25, US 70, and other regional routes.
LISTING COURTESY OF: LIKEWISE COMMERCIAL REAL ESTATE
carla@likewisecommercial.com
About the Neighborhood
Homes for sale in 28801 place buyers at the heart of Asheville's most celebrated and architecturally significant urban core, encompassing Downtown Asheville, the River Arts District, and the historic Montford neighborhood, one of the most intact collections of Victorian and Arts and Crafts architecture in the American Southeast. The residential landscape in Montford features exquisite Queen Anne, Colonial Revival, and Craftsman homes on tree-shaded streets within walking distance of Asheville's legendary Lexington Avenue arts corridor, the Grove Arcade, and a nationally recognized independent restaurant scene. The River Arts District along the French Broad River has transformed former industrial studios into one of the Southeast's most vibrant working artist communities, with dozens of galleries and creative businesses anchoring the zip code's southwestern edge. Mission Health's main hospital campus and a dense concentration of creative economy employers make 28801 a genuine live-work destination. The 28801 real estate market commands some of the highest valuations in Western North Carolina, driven by irreplaceable architectural inventory, walkability, and Asheville's sustained status as one of America's most visited mountain cities.
Property Features
Property Description
- Bathrooms: 4 Full
- Stories: 3
- Year Built: 1925
- New Construction: No
- MLS #: 4429116
Association
- HOA Required: No
Utilities
- Electricity Connected
Interior Features
- Heating: Electric, Heat Pump, Natural Gas
- Cooling: Electric, Heat Pump
Appliances
- Dishwasher
- Refrigerator
Cooling
- Electric
- Heat Pump
Heating
- Electric
- Heat Pump
- Natural Gas
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Paved
Sewer
- Public Sewer
WaterSource
- City
View
- City
Flooring
- Carpet
- Concrete
- Tile
- Wood
Window Features
- Display Window(s)
- Skylight(s)
Tax and Financial Info
- Listing Terms: Cash, Conventional
Location
Similar homes nearby
$5,995,000
Est. Payment: $30,814/mo
Illustrative estimate only, not an offer of credit. Assumes 20% down and a 30-year fixed loan at 6.5%, plus estimated property tax, insurance, and HOA. Actual rate, APR, and payment will vary.
Adjust down payment, rate & terms
Asheville, NC 28801
0
bedrooms
4
baths
N/A
sq.ft.
N/A
price per sf
Presented By
Carnarri Cofield
REALTOR®
Office: (980) 272-8547
Listings courtesy of Canopy MLS as distributed by MLS GRID.
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
Listing Courtesy of Likewise Commercial Real Estate
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
Listing information © 2026 Canopy MLS. All rights reserved.