INNOVATE Real Estate
Office at Asheville
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18 photos

$1,400,000

Asheville, NC 28801
Listed by Stoner Giltz · Tessier Associates
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1961

About this home

Position your business in one of Downtown Asheville’s most visible locations. Situated on a signalized corner at the gateway to downtown, 167 Patton Avenue offers outstanding visibility, excellent signage opportunities, and convenient access for customers and employees. This versatile freestanding building features an open floor plan ideal for retail, office, showroom, gallery, and other commercial uses. With CBD zoning, ample parking, flexible space options, and high-traffic exposure, this is a rare opportunity to establish your business in the heart of Downtown Asheville. There is a current lease in place which provides an excellent investment opportunity.

Property details

MLS #
CAR4387937
Property type
Office
Subdivision
N/A
Status
Active
Days on market
6
On market date
June 10, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
15
Lot size
N/A

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Isaac Dickson Elementary
0.35 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
407
Student:teacher ratio
14.0:1
District
Asheville City Schools
Middle
Asheville Middle
0.49 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
623
Student:teacher ratio
11.5:1
District
Asheville City Schools
High
Asheville High
1.48 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,135
Student:teacher ratio
13.2:1
District
Asheville City Schools

Walkability

Blended score for Asheville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

99
Highly walkable
out of 100
EPA National Walkability Index
19.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores13
Parks20
Schools19
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Asheville, from live MLS data.

On the market 6 days -- 120 fewer days than Asheville's current average of 126 days.
For reference, the median list price across 1,255 active listings in Asheville right now is $500,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$8,581/mo
$280,000 down
$1,120,000 loan
Principal & interest$7,264
Property tax (est.)$1,167
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated June 16, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.