372 Depot Street, Unit 40 $449,000

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1 372 Depot Street, Unit 40 $449,000 LEED registered flexible commercial space for Sale in Glen Rock Depot, located in the heart of Asheville s thriving River Arts District 2 Storefront Units under one PIN # available for Sale. Unit 40A SF - Currently Leased by Desert Moon Designs Unit 40B SF - Delivered Vacant Condo Fees are $184 per Month for all of Unit 40 Space is heated/cooled/sprinkled High ceilings and finishes including stained concrete floors Current tenants in 372 Depot include: Benbow Cabinet Designs, Eco-Depot, Mustasheville, Rebel Yell, and River Arts Dentistry. On-street parking and parking lot across the street have designated 16 spaces for 372 Depot Street. First come first serve, no cars left overnight. Multimodal transportation features: City bus stop & shelter and bike racks Compliant with Americans with Disabilities Act, including accessible bathrooms and wider door openings Office:

2 372 Depot Street, Unit 20 Suite 40A Suite 40B Office: Office: Cell: McCormick Place, Asheville, NC 159 S. Lexington Avenue, Asheville, 28801

3 372 Depot Street Penny Cup of Coffee Co. Magnetic Theatre Glen Rock Depot Parking Lot Refurbished Historic Glen Rock Hotel: Eco-Depo, Mustasheville, Rebel Yell, River Arts Dentistry, and a Pilate s Studio. Office: Office: Cell: McCormick Place, Asheville, NC 159 S. Lexington Avenue, Asheville, 28801

4 372 Depot Street Ultra Coffeebar Other businesses/organizations in the vicinity include: The Magnetic Field, The Junction, Randy Shull Studio, Soapy Dog, Nourish & Flourish, Sitework Studios, Janet Weiss, Jonas Gerard Fine Art, North Light Studio, Planet Art, Studio 375, Magnetic Theatre, Mission Hospital, AB- Tech. and More Office: Office: Cell: McCormick Place, Asheville, NC 159 S. Lexington Avenue, Asheville, 28801

5 372 Depot Street History of Depot Street and the Glen Rock Hotel Sanborn historical maps from the late 1800 s and early 1900 s show many businesses on Depot Street, Ralph Street, and Livingston Street (formerly Southside Avenue.) Among these businesses were numerous hotels, grocery stores, florists, banks, restaurants and drug stores. Around the turn of the century, the Southern Railway Depot station was located across the street from the Glen Rock Hotel. The Depot was once the main entry point into Asheville for all rail passengers. Passengers arriving in Asheville could catch a trolley in front of the station which was routed by way of Livingston Street to Biltmore Avenue and north on Biltmore Avenue to downtown Asheville. The Depot was demolished in the early 70 s by Southern Railway due to passenger rail services being eliminated to Asheville. In the 1930 s, 40 s and 50 s the neighborhood began to evolve into an African American business and residential community. Some of the hotels became hotels specifically for African Americans during segregation. During the 1960s and 1970s, federal Urban Renewal programs began impacting the Southside and East Riverside neighborhoods adjacent to the Glen Rock Hotel. Many homeowners were relocated to public housing at this time and many businesses were demolished and never reopened. The entire area around the Glen Rock Hotel was cleared and graded. After being cleared, the City constructed the fire station, the public housing communities, and the park. Current Identity of the Neighborhood The Glen Rock Depot is located in Asheville s River Arts District adjacent to the site of the former Glen Rock Hotel. The Glen Rock Depot site is traversed by Town Branch Creek Greenway, which is included in the Asheville Greenways Master Plan. This protected open space for conservation and recreation will provide residents and tenants of the Glen Rock Depot with access to walking and biking paths and spaces to enjoy the beauty of our region. Many thriving art galleries and businesses including 12 Bones Smokehouse, the Fine Arts League of the Carolinas, Jonas Gerard Fine Art, the Wedge Brewery, Sitework Studios, and Wendy Whitson gallery bring hundreds of visitors to the area daily. The Glen Rock Depot is already transforming into a destination in itself, including a restaurant, theatre/music venue and a salon. Office: Office: Cell: McCormick Place, Asheville, NC 159 S. Lexington Avenue, Asheville, 28801

6 Current Tenant Occupying this Space See Lease Details on Next Page Delivered Vacant: SUITE 40A SF 795 SUITE 40B SF 1080

7 372 Depot Street Unit #40 Current Active Tenant - Unit #40A Terms of Lease Property Tentant Lease Term w/ Options 372 Depot St # SF Desert Moon Designs Julie Spalla 10/1/15-9/30/18 Yr. 1-3 $12, Mo. - $1, Opt. Period: 90days Written Notice (B/Exp) Option 1: 1-3Yr / 3% annual Increase on BR Yr. 4 - $13, Mo. - $1, Yr. 5 - $13, Mo. - $1, Yr. 6 - $14, Mo. - $1, Triple Net Lease Tenant Pays Monthly $235 Mo. and Electric

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