Properties

Property Description

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.

Features
Heating System:
Heat Pump, Electric, Natural Gas
Cooling System:
Electric, Heat Pump
Basement:
Exterior Entry, Interior Entry, Storage Space, Walk-Out Access, Walk-Up Access
Flooring:
Wood, Carpet, Tile, Concrete
Sewer:
Public Sewer
Utilities:
Electricity Connected
Window Features:
Skylight(s), Display Window(s)
Appliances
Appliances:
Refrigerator, Dishwasher
Address Map
Country:
US
State:
NC
County:
Buncombe
City:
Asheville
Zipcode:
28801
Street:
Biltmore
Street Number:
38 & 40
Street Suffix:
Avenue
Longitude:
W83° 26' 56.6''
Latitude:
N35° 35' 36.6''
Zoning:
CBD
MLS Addon
Office Name:
Likewise Commercial Real Estate
Agent Name:
Carla Barnard
TaxAnnualAmount:
$0
TaxAssessedValue:
$0
AssociationFee:
$0
Additional Information
Accessibility Features:
Mobility Friendly Flooring
Building Size:
24332
Lot Features:
Level, Paved
Possible Use:
Commercial
Stories:
3
Video Url:
https://singlepointmedia.hd.pics/38-40-Biltmore-Ave
Virtual Tour:
https://singlepointmedia.hd.pics/38-40-Biltmore-Ave
Water Source:
City
Listing Information
List Agent Mls Id:
548508217
List Office Mls Id:
R01098
Listing Term:
Cash,Conventional
Mls Status:
Active
Modification Timestamp:
2026-10-05T19:51:06Z
Originating System Name:
Canopy
Special Listing Conditions:
None
Status Change Timestamp:
2026-09-29T16:44:19Z

Commercial Sale For Sale

38 & 40 Biltmore Avenue, Asheville, North Carolina 28801

4 Bathrooms
$5,995,000
Listing ID #4429116
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Listing ID :
4429116
Price :
$5,995,000
View :
City
Bathrooms :
4
Year Built :
1925
Status :
Active
Property Sub Type :
Retail
Agent info
Contact Agent
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