Gennett Building

Off-Market

29 North Market Street, Asheville, NC 28801

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 29,070 SF
  • Lot Size 0.1 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1928

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 23 Aug, 2013
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Asheville

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Asheville Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $23.05
  • 2022 Office Vacancy Rate 13.22%
  • 2022 Office Completions (SF) 26,000
View more Asheville market trends

Location

Getting Around

  • Walk Score ®

    91/100 Walker's Paradise

  • Transit Score ®

    53/100 Good Transit

  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Asheville, NC
  • Neighborhood Downtown Asheville
  • Zip Code 28801
  • Market Asheville

Points of Interest

  • Greenlots

    0.26 miles

  • Greenlots

    0.26 miles

  • ChargePoint

    0.26 miles

  • Shell

    0.31 miles

  • Citgo

    0.62 miles

  • Enmark

    0.67 miles

  • Gas Express

    0.96 miles

  • Shell

    1.15 miles

  • Shell

    1.31 miles

  • Exxon

    1.39 miles

  • Rankin Avenue Garage

    0.15 miles

  • Civic Center Garage

    0.16 miles

  • Biltmore Avenue Parking Garage

    0.29 miles

  • Sears Alley Public Parking Deck

    0.29 miles

  • Wall Street Garage

    0.31 miles

  • Parking Garage

    1.60 miles

  • Simpson Parking

    1.87 miles

  • Haw Creek Park Parking lot

    2.68 miles

  • Lioncrest

    3.20 miles

  • Parking Lot B

    3.77 miles

  • The Windsor Boutique Hotel

    0.03 miles

  • AC Hotel by Marriott Asheville Downtown

    0.05 miles

  • Renaissance Asheville Hotel

    0.10 miles

  • Four Points by Sheraton Asheville Downtown

    0.18 miles

  • Haywood Park Hotel and Atrium

    0.21 miles

  • The Foundry Hotel Asheville, Curio Collection by Hilton

    0.23 miles

  • Cambria Hotel Downtown Asheville

    0.26 miles

  • Aloft Asheville Downtown

    0.27 miles

  • Hilton Garden Inn Asheville Downtown

    0.30 miles

  • Downtown Inn and Suites

    0.36 miles

  • Sovereign Remedies

    0.00 miles

  • Mellow Mushroom

    0.04 miles

  • Polanco Restaurant

    0.04 miles

  • The Gourmet Chip Company

    0.06 miles

  • Strada

    0.06 miles

  • Suwanna's Thai Orchid

    0.08 miles

  • Bobo Pho

    0.11 miles

  • Mela Indian Restaurant

    0.11 miles

  • Collaboratory

    0.11 miles

  • Bomba

    0.13 miles

  • Lucy B Herring Elementary School

    0.52 miles

  • William Randolph School

    0.57 miles

  • Isaac Dickson Elementary School

    0.78 miles

  • Asheville Middle School

    0.89 miles

  • University of North Carolina - Asheville

    1.59 miles

  • Asheville-Buncombe Technical Community College

    1.67 miles

  • Asheville High School

    1.68 miles

  • Aycock School

    2.12 miles

  • Lucy S. Herring

    3.08 miles

  • Woodfin Elementary School

    3.11 miles

  • Kids Garden

    1.75 miles

  • Childcare Network

    5.25 miles

  • Child Kingdom Montessori

    7.05 miles

Frequently Asked Questions

What is the total square footage of Gennett Building?

Gennett Building totals 29,070 square feet.

When was this property built?

Gennett Building was built in 1928.

When was Gennett Building last sold?

Gennett Building was last sold on 23 Aug, 2013.

What is the property tax for Gennett Building?

The property tax for Gennett Building in 2023 was $28,246.

What is the market value for Gennett Building?

The market value* for Gennett Building in 2023 was $2,804,500.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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