Realtors racking up millions in sales on Asheville’s South Slope

Jason Sandford May 21, 2014

Jason Sandford is a reporter, writer, blogger and photographer interested in all things Asheville.

Whitney Commercial Real Estate recently set out its newsletter, which notes that another sweet spot on Asheville’s red-hot South Slope is under contract and about to be sold. The auto parts store is at 100 S. Lexington Ave., located behind The Orange Peel and Wicked Weed Brewing. The property was listed for sale at $1.95 million. Here’s more from the newsletter:

Other high-profile properties to have recently closed on South Slope include the Standard Paper Building for $1.17 million ($43.48 PSF). The space will host Public School, a new 3,600 SF bar with patio space, and Asheville’s popular Vortex Doughnuts shop as tenants (offices are also planned for the building). Additional closings include the now-for-lease Andy’s Heating and Cooling building at 121 Biltmore Ave., which sold for $415,000 ($114.86 PSF), and a nearby vacant lot at 185 Coxe Ave. which sold in March for $2 million ($1.4 million Ac). In addition, the historic Chrysler Building located at 162 Coxe Ave., sold for $1.72 million in 2012, along with an adjacent lot which sold for $350,000. Ground-level retail and office spaces are currently being offered in the Chrysler Building for some of the highest lease rates in town, and a parking garage is being constructed in the once-vacant lot.

Here’s my backgrounder on all that’s been happening lately on the South Slope, with more detail about some of the above-mentioned transactions.

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south slope

Jason Sandford

Jason Sandford is a reporter, writer, blogger and photographer interested in all things Asheville.

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12 Comments

MusicLover45 May 24, 2014

The 2nd and 3rd floor of the Chrysler Building are apartments, with rent starting at $850/month.

The parking garage next to the building will also have apartments above it when it is completed.

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NFB May 22, 2014

Looks like we learned absolutely nothing from the crash.

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1. Vlad Emrick May 22, 2014
  
  Who is “we”?
  
  Reply
  1. hauntedheadnc May 22, 2014
    
    I’m thinking “we” stands for the community as a whole and if so, then no “we” didn’t learn anything: “We” still have the developers who want to build, the people who want to move here, the people who don’t care, and, most importantly, the vast population of NIMBY’s who oppose everything now and who opposed everything before 2008.
    
    Same as it ever was, same as it ever was…
    
    Reply
    1. indie May 23, 2014
      
      1. Developers build because, well, they are developers.
      
      2. Some people want to move here, some don’t.
      
      3. Some people care and some don’t.
      
      4. Some people are NIMBYs and some aren’t.
      
      You’re explanation of “we” and learning was meaningless.
      
      Reply
      1. hauntedheadnc May 23, 2014
        
        You sound bitter, Indie, my dear… Are you upset that Asheville is growing? I note a hint of discomfort that people insist on following all the other folks who’ve moved here, and I note more than a hint of hypocrisy when someone who has moved here then wants to slam the door behind them.
        
        Reply
Murphy May 21, 2014

It’s not just commercial property that is selling like overpriced biscuits, sub-par “chinese,” tiny tapas or a $12 “speak-easy” cocktail in this town…

the Wall Street Journal reports that residential properties in the AVL area are moving like bowels after a trip to the food truck lot… quickly!!

http://online.wsj.com/news/articles/SB10001424052702304081804579558030375906224

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hauntedheadnc May 21, 2014

I hope there’s a serious push to build some major league residential projects as the South Slope develops. It’s not like they’ll be making any more downtown land any time soon, so we need to make sure that the land we’ve got downtown is used to its highest, best purpose for the city and the community. This is our last shot to make downtown a live/work neighborhood.

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1. Black Jesus Christ May 23, 2014
  
  Right?
  
  Reply
2. indie May 23, 2014
  
  HH is a huge user of plural pronouns. His schtick would play better in a centrally planned economy, where highest and best use is defined not by $, but by what some bureaucrat thinks.
  
  Reply
  1. hauntedheadnc May 23, 2014
    
    Don’t fret, dear heart… Your schtick plays well in a chaotic economy where NIMBY’s can block just about anything for just about the stupidest reasons they can think of.
    
    Which is to say it plays just dandy in Asheville, where the NIMBY’s are gem quality. If you have better ideas for the South Slope, let’s hear them. As I see it, there isn’t a great deal to protect there, and even less that’s worth protecting. There’s plenty of room for new growth — hopefully residential growth — among the historic buildings that are (and should be) undergoing renovation and protection.
    
    Reply
  2. RedHotPoker October 15, 2014
    
    thinking HH is probably our own dear sweet council person, Gordon Smith
    
    Reply