About 38 & 40 Biltmore Avenue
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 of 38 & 40 Biltmore Avenue
| MLS® # | 4429116 |
|---|---|
| Price | $5,995,000 |
| Bathrooms | 4 |
| Acres | 0.20 |
| Year Built | 1925 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 38 & 40 Biltmore Avenue |
|---|---|
| City | Asheville |
| County | Buncombe |
| State | NC |
| Zip Code | 28801 |
Amenities
| Utilities | Electricity Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Refrigerator |
|---|---|
| Heating | Electric, Heat Pump, Natural Gas |
| Cooling | Electric, Heat Pump |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Exterior Entry, Interior Entry, Storage Space, Walk-Out Access, Walk-Up Access |
Exterior
| Lot Description | Level, Paved |
|---|
Additional Information
| Date Listed | September 29th, 2026 |
|---|---|
| Days on Market | 6 |
| Zoning | CBD |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Likewise Commercial Real Estate |
|---|