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4 Baths
24,332 sqft

$5,995,000

38 & 40 Biltmore Avenue, Asheville NC, 28801

Price per sqft$246.38
Built in1925
Property size24,332 sqft
Property typeCommercial
Courtesy of Likewise Commercial Real Estate, Carla Barnard Listing Contact: [email protected]

Overview

Active

Listed Sep 29, 2026

Updated 48 min ago

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.

Additional information

MLS® ID
4429116

Interior Features

Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.2 Acres

Other Property Details

View
Yes
55+/Senior Community
No

Listings courtesy of Canopy MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Janée Krauth shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 2:17 AM UTC on 10/3/2026. 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.

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