On the Market: 5 Interesting Listings for the Week of 1/30
Recent listings include a vintage asset in a North Carolina vacation town and a mixed-use community in San Francisco located across the street from City College.
On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
Location:Â Asheville, N.C.
Price: $5.5Â million
Building Size: 19,364Â SF
Units:Â 11
Features: Built in 1931 but converted to luxury condo community in 2005; zoning allows for short-term vacation rentals; located less than five minutes from downtown Asheville; fully furnished condo units include two bedrooms and two baths, updated kitchens and fireplaces; off-street parking for 30 vehicles; Asheville rated as one of the top 12 travel destinations in the world by Frommer’s.
Contact:Â Janet Whitworth, Premier Sotheby’s International Realty, 828-768-1808
Location:Â San Francisco, Calif.
Price: $11 million
Price/Unit:Â $916,666.67
Building Size: 19,486Â SF
Units:Â 12
Features:Â Mixed-use building built in 2005; no rent control; offered below replacement cost at $565/SF; located across the street from Whole Foods and City College; transportation options to downtown and the Peninsula via Muni and nearby Balboa Park BART station.
Contact:Â Alexander Kolovyansky, Vanguard Properties, 415-975-7450
Location: Los Angeles, Calif.
Price: $9.6 million
Price/Unit:Â $200,000
Building Size: 31,500 SF
Units:Â 48
Features:Â Constructed in 1914; unit mix consists of 34 studios, six one-bedroom/one-bathroom, and eight two-bedroom/one-bathroom units; recent updates to common areas include wood flooring, new paint, secure access and security cameras; elevator and laundry room onsite.
Contact:Â Henry Garcia, Keller Williams Commercial Division, 818-432-1690
Location:Â Chicago, Ill.
Price: $7.2 million
Price/Unit:Â $182,500
Building Size: 33,045Â SF
Units:Â 39
Features:Â Vintage courtyard property in Old Irving Park Neighborhood; current unit mix consists of 35 two-bed/one-bath, two two-bed/one-bath and one one-bed/one-bath units; located less than a half mile from Irving Park Metra station, Blue Line CTA station and Kennedy Expressway, which provides easy access to downtown and O’Hare Airport.
Contact:Â Doug Imber, Essex Realty Group, 773-305-4902
Location:Â Phoenix, Ariz.
Price: $8.9 million
Price/Unit:Â $41,939.25
Building Size: 98,035 SF
Units:Â 214
Features:Â Unit mix consists of 36 percent studios and 64 percent one-bedroom units; property is master-metered for electricity; three schools within one mile of property; shopping centers, hospitals and Maryvale Stadium all located within close proximity; located near distribution/warehouse district employment center.
Contact:Â Bill Hahn, Colliers International, 602-222-5105
