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Cotton Mill Studios

122 Riverside Drive Asheville, NC 28801

122 Riverside Drive, Asheville, NC, 28801
122 Riverside Drive, Asheville, NC, 28801
FOR SALE
Property Type:
Other Office
Amount:
$2,200,000
Last Verified:
Apr 10, 2019
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Description

Rare opportunity in the heart of the River Arts District to own a high profile and iconic income-producing property. The Cotton Mill Studios comprises two floors of fully tenanted space, currently configured into 8 units (metered separately). This solid and updated commercial building offers investment potential with upper-level river views, high end tenant up-fit, natural light, beautiful flooring and off-street parking. Basement with potential storage capacity and two loading docks.

Minutes from downtown and in the heart of the RAD. Listing agent to accompany on showings.

Minutes from downtown and in the heart of the RAD.


Year Built: 1900
Building Size: 11.0sq ft
Building Class: B
Lot Size: 0.63 acres

Map of 122 Riverside Drive, Asheville, NC, 28801

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.