Broadway Arts

Address: 49 Broadway Street, Asheville, NC 28801

Size: 23,000 SF

Units: 4 residential condos on the third floor, office condos on the second floor, and an events center located on the first-floor street level.

Tenants: Residential/Commercial/Retail Office

Sell Price/Year: $3.68 Million

Description: Located in the heart of downtown Asheville, the historic Broadway Arts building was constructed in 1928 and continues to be an architectural landmark. Renovation was completed in 2003 and consists of 4 residential condos on the third floor, office condos on the second floor, and an events center located on the first-floor street level. An important local attraction, the redevelopment of the Broadway Arts Building in Downtown Asheville presented another unique opportunity for Scott Carter. He used his ability to pre-dell a mixed-use project which facilitated the overall financing for the project, ensuring success for his investors.

100% pre-sale of all commercial/retail office condominiums (total value $2.68 Million).
100% pre-sale of all residential units (total value over $1 Million). All sales were out-of-state buyers; two primary residences and two secondary homes).