The historic Leader Building in downtown Asheville has been sold. The building has been home to Studio Five Imports the last seven years. The business had an eclectic collection of furniture, rugs, Marilyn Monroe prints and World War II-era clothing.
On Tuesday, the proprietor, Paul Prete, was selling everything at 70 percent off. He said Tuesday may be his last day in business. The Leader Building is located between Salsa’s and A Dancer’s Place on Patton Avenue near Pack Square.
Prete says he is in the process of selling the building, adding that he has knocked $800,000 off the price to sell it. He said one potential buyer is considering putting a restaurant in on the street level and doing condos on the upstairs level.
More to come.