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4 Wall Street 22-26 College St 1,581 - 4,099 SF of Space Available in Asheville, NC 28801
HIGHLIGHTS
- Heavy walking traffic.
- Remodeled in 2022.
- Close to downtown businesses & hotels.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 102 | 2,518 SF | 1-20 Years | $46.44 /SF/YR $3.87 /SF/MO $499.88 /m²/YR $41.66 /m²/MO $9,745 /MO $116,936 /YR | Modified Gross | ||
| 2nd Floor, Ste 202 | 1,581 SF | 1-20 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $3,689 /MO $44,268 /YR | Triple Net (NNN) |
1st Floor, Ste 102
Mayfel's is a classic long standing restaurant in the heart of downtown Asheville. It includes 2518/sf including 840/sf Basement and 1678/sf on the 1st floor, with a 2nd floor office suite available in a separate listing. The front covered patio measures 50x10. The rear courtyard seats another 20, with an outdoor bar as well. All restaurant equipment conveys to the Tenant with a rider that all equipment conveys back to the landlord at the end of the term. Restaurant was renovated in 2022. New HVAC units installed in July of 2024 by the landlord. Space is ideal for a chef driven restaurant, casual restaurant/bar, commissary kitchen or event space. Adjacent neighbor restaurants include Tupelo Honey and new hotels such as Restoration Hotel and Kimpton Hotel.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Downtown Asheville Restaurant Space
2nd Floor, Ste 202
Office space in Downtown Asheville, between the Haywood Park Hotel, Isa's Bistro and Tupelo Honey. This 1,581/sf office space is perfectly suited to walk to restaurants for meals and shopping. There are 2 Entrances, one on College St and one on Wall St in downtown Asheville. Walk-in ready for an office location. No build outs needed. Great location for a business professional, Lawyer's office, Architect, Engineer, Real Estate office, etc... Former Real Estate Office. Space is now vacant.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Office intensive layout
- Central Air and Heating
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,099 SF | Gross Leasable Area | 4,099 SF |
| Property Type | Retail | Year Built | 1898 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.24/1,000 SF |
| Total Space Available | 4,099 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,099 SF |
| Year Built | 1898 |
| Parking Ratio | 0.24/1,000 SF |
ABOUT THE PROPERTY
Mayfel's is a classic long standing restaurant in the heart of downtown Asheville. It includes 2518/sf including 840/sf Basement and 1678/sf on the 1st floor, with a 2nd floor office suite available in a separate listing. The front covered patio measures 50x10. The rear courtyard seats another 20, with an outdoor bar as well. All restaurant equipment conveys to the Tenant with a rider that all equipment conveys back to the landlord at the end of the term. Restaurant was renovated in 2022. New HVAC units installed in July of 2024 by the landlord. Space is ideal for a chef driven restaurant, casual restaurant/bar, commissary kitchen or event space. Adjacent neighbor restaurants include Tupelo Honey and new hotels such as Restoration Hotel and Kimpton Hotel.
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| College Street | Haywood St, W | 5,146 | 2022 | 0.04 mi |
| Patton Ave | Church St, E | 5,761 | 2022 | 0.06 mi |
| Patton Ave | S Lexington Ave, E | 4,908 | 2022 | 0.10 mi |
| Church St | Aston St, S | 575 | 2022 | 0.12 mi |
| College Street | Broadway St, E | 5,838 | 2022 | 0.13 mi |
| Patton Ave | Broadway St, E | 4,747 | 2022 | 0.15 mi |
| Broadway St | N Pack Sq, S | 9,709 | 2022 | 0.16 mi |
| Broadway St | College St, S | 9,431 | 2022 | 0.16 mi |
| Biltmore Ave | S Pack Sq, N | 11,455 | 2022 | 0.17 mi |
| Biltmore Ave | Eagle St, S | 10,110 | 2022 | 0.18 mi |
NEARBY MAJOR RETAILERS
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