Karl Nelson, CCIM of BRC and fellow Allen Tate/Beverly-Hanks agent Billy Harris have closed a 644-acre property in Henderson County known as “Horse Shoe Mountain" for $15M . One of the most challenging aspects of this sale was the property's sheer size and diversity, - managing a property of this great size requires a nuanced understanding of its potential uses, zoning regulations, and the intricacies of large-scale transactions. Together, Karl and Billy conducted an in-depth analysis to segment the property, highlighting its best uses for different buyers.

Closed for $15,000,000

Karl Nelson of Broad River Capital co-listed and closed on this property with NAI Beverly-Hanks agent Susanne Woosley. This 65.31-acre tract of land in Flat Rock has prime frontage on Interstate 26 and is set to be developed into an industrial park. The upcoming industrial development represents a significant project for Henderson County. Henderson County Partnership for Economic Development assisted with development studies for this property. The property was also part of the Duke Energy Site Readiness Program. 

Closed for $8,731,850

Last year Jim Davis of BRC helped a long-term client purchase this property to be redeveloped for a future tenant. That plan didn't work out like they had hoped, so with 40,000+sf vacant space and no tenant, he got to work immediately on the next steps. In less than a week, he was able to secure a new buyer for the property at $750,000 over our previous purchase price. 

Closed for $7,000,000

We just sold this 115,000 sq. ft. manufacturing space. This was not your typical investment property - it was 75% leased, 25% vacant - but we found the perfect buyer ready to use the vacant space and grow on-site.

Closed for $5,800,000

A truly rare turn-key development opportunity located approximately thirteen miles from downtown Asheville, StoneRidge at Hayes Mountain closed at $3,000,000. Keep an eye out as the buyer / developer has big plans for this property.

Closed for $3,299,000

Under contract within a few hours of listing and now officially closed! Extremely rare opportunity to purchase 1.25 acres in Downtown Asheville. This property is not only in the Central Business District, but also has lot dimensions ideal for vertical development. This property falls within the recently passed hotel district overlay and is located within the portion designated as District A for large hotels. The proximity to surrounding downtown businesses also makes this ideal for other approved redevelopment projects (zoned CBD).  Parcel has frontage on both Carter St. as well as N. Ann St.  With minimal vertical development the property would take in substantial long-range mountain views.  

Closed for $3,250,000

Located in a renovated gas and service station is Iconic Kitchen and Drinks - a great restaurant and bar featuring classic American iconic food and drink from across the country. We were pleased to be able to find the perfect space for this establishment to go. Located at 63 Southside Avenue in the booming South Slope area.  (Photo courtesy of Iconic Kitchen and Drinks - Facebook.)

Closed for $3,000,000

Another smooth transaction - this time in Georgia! We were able to facilitate a seamless deal for both the buyer and seller for a Panera Bread in Fayetteville, GA. This deal was done off market with specialized target marketing with no impact on the tenant's business. The buyer and seller were both from out of state that the property was in and never had to set foot on the property. 

Closed for $2,870,000

Jim Davis got this off-market deal over the finish line for his clients resulting in a seamless transaction!

Closed for $2,600,000

Karl Nelson closed on this incredible investment opportunity. 26,364 square feet light industrial property convenient to major traffic corridors with 3 phase electrical service; ~2600 SF of office with a plush reception area, ~23,750 SF warehouse with ceiling heights ranging from 11.5 to 15.5ft, 1 dock high and 3 drive-in/roll-up doors, 2 overhead cranes, fully conditioned through out, 5 bathrooms, 2 breakrooms, 61 striped parking stalls, and 16 camera security system.

Closed for $2,715,000

Very excited to close on this rare opportunity to own an income producing multi-tenant three-story standalone building in Asheville! Expertly maintained, this property is 12,696 SF sitting on .67 acres. It is conveniently walkable to anywhere in the central business district of downtown Asheville. Located on Asheland Ave, one of downtown Asheville’s most traveled streets, near the busy intersection of Hilliard and Asheland Avenues (combined traffic counts of >19,000 vpd). Exclusive onsite parking (48 parking stalls), high visibility with street signage, and 3 stable tenants in place.

Closed for $2,510,000

We closed on this mixed-use incoming producing property in the vibrant Five Points neighborhood. Constructed in 2020, this modern property offers furnished rentals as well as two commercial shells with high visibility. Congrats to the sellers and buyers! 

Closed for $2,100,000 

This closing was a unique example of the importance of listening to your clients and evolving as desired terms change. After receiving two redevelopment offers at significant pricing, it became clear to my sellers it wasn't all about the price as much as it was about creating a clean, fast, and low stress exit. With this knowledge, we did a 180 and partnered with Ten-X auctions. Shortly after we were able to secure a buyer with non refundable money on day one and closing within 45 days. The sellers had a fast and easy transaction while the buyers acquired the property for a great price. 

Closed for $1,879,750

A 30+/- acre estate property with two homes that closed after only 14 days on the market! 

Closed for $1,675,500

We closed on both avaulable units in this building as one sale! This turnkey medical / office condo is located in the heart of South Asheville with a welcoming and bright reception area, conference room, break room, numerous workstations, and 14 private office and exam rooms.

Closed for $1,595,500

We closed on this multi-family property and represented both the buyer and seller. This complex has a strong rental history and we expect that to continue with the new owner! 

Closed for $1,525,000

33 Starnes Avenue is an 11-unit multi-family complex close to vibrant downtown Asheville. Jim and Patrick worked tirelessly to match the right buyer with this property.  

Closed for $1,515,000

This unique 5.11-acre parcel, offering prime visibility adjacent to I-26 and exceptional development potential, has sold! The property included two remarkable structures built by Deltec Homes: a spacious 4,720 sq. ft. building and a 1,500 sq. ft. net-zero energy masterpiece. Previously serving as the Deltec Homes sales center, these buildings showcased advanced green construction and sustainable design. Conveniently located just five minutes from Mars Hill University and 20 minutes from Downtown Asheville, the property provided unmatched accessibility and versatility for its new owners.

Closed for $1,425,000

Patrick Johnson listed this 17,500 SF industrial facility and had it under contract within days. Patrick proved hitting the market running with the right connections makes all the difference in finding the best outcome for a seller during these challenging times.  

Closed for $1,400,000

Broad River Capital represented both sides of this transaction for a 12-unit multifamily property in Hendersonville, NC. This class B asset closed at what looks to be a record cap rate for multifamily in Henderson County at 6.4%. 

Closed for $1,330,000

Upon securing this listing, BRC was able to produce highly targeted marketing appealing to the very narrow category of potential buyers. It was important to the sellers that the property go to a true steward of the land that they felt would carry on the vision they had, we were able to secure a buyer that will carry on the legacy of the property and shares the values of the seller. 

Closed for $1,200,000

A very exciting transaction for us! This ideal turn key office building is located just off of I-240 and minutes from downtown Asheville and Tunnel Road. Located in the beautiful Centre Park office park, this property offers 3,510 SF of nicely built out office space on the main level with an additional 3,626 SF of partially finished out lower level. 

Closed for $1,137,500

This was an excellent opportunity and we were able to find the right buyer through connections and outreach! A 35,000 square foot industrial space one mile from I-26 and just north of Asheville with ample space and parking, this is perfect for a large warehouse. 

Closed for $1,103,352

Karl closed on this excellent redevelopment opportunity! Approximately 7.21 acres with gentle topography, just 0.8 miles from I-26. Full utility access available. Close to retail, grocery, and other vital amenities. 

Closed for $950,000

Jim Davis of Broad River Capital closed 6130 Asheville Highway representing both the buyer and the seller. This property serves as a great example of BRC's powerful marketing ability as this property had been listed numerous times by other brokers in the region. Congratulations to the buyer and seller. The property will be the new home of Dean Construction and the additional land will allow them to expand their facilities for years to come

Closed for $915,000

Closed after spending only 12 days on the market! This highly accessible property at the gateway of Downtown is ideal for various uses including retail, showroom, professional, or medical offices. Keep your eye on this property and the new owners!

Closed for $910,000

Closed on this unique opportunity to purchase two structures on Riverside Drive as either a turnkey investment with new leases negotiated as part of the purchase, or as an owner user. This half acre parcel includes a 7,125 square-foot warehouse and office building currently leased to Johnson Controls.  

Closed for $910,000

We closed on this 3,512 SF professional or medical office condo located on the 2nd floor (with elevator access) in an upscale retail center in desirable south Asheville. Located off of Long Shoals Rd (traffic count >17,000 VPD), and convenient to Hendersonville Rd, Biltmore Park, I-26, Downtown Asheville, and the Asheville airport. There is access to the Lake Julian park from the back of the building. Co-tenants in this high-end center are a mix of retail/restaurants and medical/professional offices. 

Closed for $899,900   

This unique, standalone office space was on the market for less than two months before we got it closed. Located in downtown Asheville within the central business district, this property includes a welcoming reception area, conference room, numerous office spaces, a basement for storage, and a kitchen. Includes 9 off-street parking spaces as well as street parking in the front.

Closed for $865,000

This exceptional church property located in West Asheville closed after spending less than a month on the market. Spanning ~18,200 SF, this site offers beautiful mountain views, a stunning sanctuary, full kitchen, multi-purpose room, spacious executive and admin offices, two sets of restrooms, 11 classrooms, a picnic pavilion, HVAC throughout, and ample indoor storage. With institutional zoning, this could be a repurposed or redevelopment site for multifamily, destination venue, education, or many other specialty uses. 

Closed for $800,000

This listing was a great new construction property ready for interior buildout! The purchased units faces Charlotte Highway with fantastic roadside visibility and a nearby traffic count of 26,399. Convenient to I-40, I-240, and the Blue Ridge Parkway interchange.

Closed for $795,000

Karl Nelson closed on this excellent development opportunity! Flat and buildable parcel, suitable for medical office, industrial/ flex, or multifamily with access to water/sewer. Excellent accessibility, with two points of ingress/egress and proximity to major transportation routes such as Hwy 64, US-280, and the Ecusta Bypass. Located .5 miles from the back entrance of Transylvania Regional Hospital and walking distance to the new Ecusta Trail. 

Closed for $785,000

Karl Nelson and Patrick Johnson closed on this fantastic flex space that could be used as office, retail, or medical. With high visibility, we know the new owners will be successful. 

Closed for $700,000

Karl Nelson of Broad River Capital closed on this well kept park minutes to West Asheville and I-40. This is a great investment opportunity for the buyer! 

Closed for $599,000

Jim Davis of Broad River Capital was able to line up a number of long-term lease proposals and sold this property to an investor who is eager to start renovations. We are looking forward to seeing this property take shape!  

Closed for $575,000

Four acres within the highly desirable Mills River area in close proximity to breweries and businesses that we closed on after less than a month of the market! With flexible MR-NC zoning, this property offers endless redevelopment options. 

Closed for $550,000

This was an unique opportunity to own a value-add mixed-use (retail/multi-family) property on Charlotte Highway that we had a seamless close on. This 2.43 acre site, with city water, boasts an open use zoning with 3 occupied retail units (well-established businesses), 6 occupied mobile home pads, 285 feet of road frontage on a thriving commercial section of Charlotte Highway, and a vehicle count of ~19,000+ vehicles per day. We expect this to continue to thrive!

 Closed for $506,500

Joseph and Karl worked with the buyers for this space near Biltmore Village. They found the perfect spot for their brewery and it's been a hit. Located at 131 Thompson Street 

(Photo courtesy of New Origin Brewing Company - Facebook.)

Nerds To Go is opened their new South Asheville location that Jim Davis helped them find. Check them out - they can help with pretty much all things digital. Plus, they come to you. Win-win. Located at 900 Hendersonville Rd, Suite 101A.

(Photo courtesy of Nerds To Go - Facebook.)

Jim Davis helped the owners of Down Dog find their perfect space here in Asheville. One side of the space is an off-leash dog bar while the other half is a yoga studio. Talk about an ideal Asheville business! Sign up for a yoga class, grab a beer, and let your dog socialize. Located at 51 Sweeten Creek Road. 

(Photo courtesy of Down Dog - Facebook.)

Karl Nelson listed this excellent re-development opportunity and closed on it within five months. Located in one of the hottest areas of Mills River this is 500 feet from Mills River's busiest intersection.   

Joseph and Karl worked diligently to find the right buyer for this beautiful property in the heart of Marion, NC. They represented both the buyer and the seller in this transaction and impressed the seller with an incredibly smooth transaction.  

Congratulations to Karl Nelson and Joseph Tavormina on closing Unit A of 84 W. Walnut Street.  This was a rare opportunity in Asheville, NC that Joseph and Karl were able to close quickly and for full ask price for their seller. 

Patrick and Jim recently leased 294 Patton Cove Road. This was a fantastic example of the Broad River Capital's ability to think outside of the box for their clients.  During the pandemic, the office sector has been one of the hardest hit areas for investment properties.  Jim and Patrick were able to adapt the existing office and lecture space into a warehouse used for a tenant all the while maintaining their asking rental rate for the original office use. This is a prime example of what sets BRC apart.

Reynolds Village is the only upscale retail and office center in the N. Asheville / Woodfin / Weaverville area and Patrick Johnson closed this storefront with endless potential. 

Reynolds Village is the only upscale retail and office center in the N. Asheville / Woodfin / Weaverville area and Patrick Johnson closed this storefront with endless potential. 

Reynolds Village is the only upscale retail and office center in the N. Asheville / Woodfin / Weaverville area and Patrick Johnson closed this storefront with endless potential. 

Reynolds Village is the only upscale retail and office center in the N. Asheville / Woodfin / Weaverville area and Patrick Johnson closed this storefront with endless potential. 

Reynolds Village is the only upscale retail and office center in the N. Asheville / Woodfin / Weaverville area and Patrick Johnson closed this storefront with endless potential. 

Reynolds Village is the only upscale retail and office center in the N. Asheville / Woodfin / Weaverville area and Patrick Johnson closed this storefront with endless potential. 

This was one of the few remaining commercial lots available near Pardee Hospital and Patrick recently closed on it!  

We closed on parcel #4 of four outparcels within the Northridge Commons Shopping Center, there are three additional outparcels available. Northridge Commons is supported by numerous nationally branded anchor tenants including Lowes, Walmart Supercenter, Hobby Lobby, Marshalls, Dollar General, Sonic, and Gamestop. This site includes visibility from Weaver Blvd. Access is immediately off of I-26 with a traffic count of 50,000+ via Weaver Blvd with a traffic count of 18,904. Site #4 will be ideal for a Quick Service Restaurant or other commercial development.

We closed on this prime medical office space located in the central business district of downtown Asheville. In close proximity to the hospital, it has 1,858 square feet with 5 or 6 offices (three with sinks), a break room, waiting room, reception, and records room.  

We closed on this prime industrial / flex space with a 9,900 SF stand alone unit and  1,100 SF of climate controlled space.  Less than three miles from I-26, just south of the airport across from the new Amazon distribution center, and with visibility from Airport Rd, we are excited to watch this high-visibility property grow.   

This exciting transaction is located in the heart of downtown Hendersonville. Current use for this property is professional office, but would lend itself to a retail user as well. Pedestrian friendly location, this property resides on the ground floor and also has ample parking. Plenty of spacious conference areas or private offices, and men's/women's restrooms to service a professional office user. High ceilings with an abundance of natural light. Additional (dry) basement area for storage, which is also accessible from the parking lot. 

This highly flexible West Asheville space is offically leased! This space will serve well as general office, medical, or even retail and benefits from the high visibility being located directly on Haywood with great signage.  

We were able to get this listing in front of the right audience which resulsted in a lease! Ideally located off of Spartanburg Highway, about one mile from downtown Hendersonville, and +/- three miles from I-26.  

We closed on this plot of land, consisting of 64.45 acres of Civil War era farm property. Property includes the original standing stone chimney, tobacco barn, numerous pastures, trout stream, and incredible mountain views. This property will serve wonderfully as a family estate or to subdivide into a unique development! 

Jim closed on this parcel of just under two and a half acres with high visibility road frontage. Land has access to water and sewer, plus rolling terrain with very manageable topography. This was an ideal location for a residential builder/developer or a variety of commercial uses, and only five minutes to downtown Canton and 20 minutes to downtown Asheville. 

Closed on this rare opportunity to occupy space in the beautiful village square complex near the intersection of Haywood Road and Asheville Highway! The bright interior and high VPD count makes this an ideal space. 

We were able to find the right buyer for this move-in ready space ideal for office or retail use. Located in the Horse Shoe Plaza, this location features high visibility from Route 64 and is surrounded by many traffic driving businesses. The space offers newer LVP flooring, a large window for great natural light, one bathroom, and a utility and storage room.

Karl closed on this prime street-level space in the heart of downtown Hendersonville. Constructed in 1910 and formerly part of the neoclassical People's National Bank, the building was crafted by Richard Sharp Smith, the supervising architect of the renowned Biltmore House. This space is currently leased to the Four Seasons Xmas store, under a month-to-month tenancy, providing flexibility for the future owner. It offers an incredible opportunity for investors seeking a property with a rich heritage and a prime location in a bustling downtown area. 

Karl leased this space to Joyce Factory Outlet. Their former building was located on Swannanoa River Road in Asheville and unfortunately lost their building due to extensive hurricane damage. They connected with Karl and he was able to lease this space to them at 840 Roper Road and get a signed agreement in under 72 hours. 

Jim leased high quality, clean flex building with two dock doors and two drive-in doors. With 5,845 SF of open clear span space in a central Asheville location, this was a rare opportunity for a business to occupy a highly flexible space with easy access to all sides of town. The site features on-site parking as well as potential for satellite parking if needed. The space is heated and cooled. Interior has a restroom built out and plenty of lighting. 

Part of the Broadway Street Portfolio.

An affordable and private office space, this was an ideal turn key for a varity of uses. Located in one of the highest traffic corridors within the city, this space is on the second level with a private entrance facing Broadway Street. Beautiful wood flooring, numerous updates, and many historic accents in the offices. With seven offices, a break room, storage room, and a private bathroom, The property features on-site parking with the potential for additional satellite parking. This floor has an additional approximately 3,000 SF of unfinished space that could be renovated for future expansion.

Part of the Broadway Street Portfolio.

Jim recently represented the landlord side of a very exciting transaction - we have leased 176 and 178 Broadway Street to Atomic Furnishing and Design! Atomic has been a staple in the Asheville area and sadly lost their building due to hurricane flooding that they had been in for nearly 10 years. This new space is over 7,000 SF and we can't wait to see how they transform it. This is why we do what we do - to help local businesses, friends, and neighbors find their space here. 

Part of the Broadway Street Portfolio.

This newly constructed multitenant building located in the high traffic Long Shoals Road corridor has been successfully leased! This property has high visibility from the roadway and roadside signage. This space was previously offered in shell condition, the owners had finished out the space with an open floor plan on both levels that could be turn key or ready for additional upfit. This Class A newly finished space will be an ideal location for a medical user, office, or retail.

A highly flexible space in the Leicester Village shopping center has been sold. Previously available for immediate occupancy, this end unit fronting New Leicester Highway offers excellent visibility and was ideal for a variety of office or retail uses. The prior tenant, a church, left a versatile layout with multiple office and meeting spaces, as well as a large gathering area featuring a kitchen. The unit includes two front entrances and rear access for deliveries, with prominent signage opportunities at the front and on a podium sign near the road. Ample shared on-site parking also available. 

We closed on this highly flexible combination of office and warehouse space totaling 27,000 sq. ft. The property included a bright, open 4,000 sq. ft. office area with multiple private offices, a break room with kitchenette, conference room, and large open spaces suitable for various uses. The facility also featured a 20,000 sq. ft. warehouse or manufacturing area, plus 3,000 sq. ft. of flex space, with access to two shared docks and a private drive-in door. Additionally, there was an opportunity to lease 3 acres of adjacent flat land—ideal for a laydown yard, parking, or storage—for an additional $1,500 per month. This sale presented a unique opportunity for a wide range of users to acquire a well-maintained, versatile property.

A highly flexible space previously used as a restaurant and brewery on desirable Haywood Rd. in West Asheville has been leased. This property features a spacious kitchen with a walk-in cooler, a large bar, and a flexible open seating area ideal for dining or events. Outdoor amenities include a welcoming front patio, a back deck, and a rear outdoor area perfect for creating a vibrant atmosphere for patrons. Located on a high-visibility corridor with strong foot and vehicle traffic, this property offers excellent presentation and endless potential for a range of concepts. 

Leased commercial space in one of Asheville's most sought-after locations! This commercial property is situated on bustling Haywood Road, the heartbeat of West Asheville's thriving community. With plenty of versatile space, this property offered the potential for retail, office, or creative use. Surrounded by popular restaurants, breweries, and boutiques, this location is a hub for locals and tourists alike. 

This was a prime leasing opportunity in the heart of the Central Business District that has successfully closed. This highly flexible stand alone office offers a prime location directly across from two major planned hotel developments, enhancing future traffic and amenities. The property is fully fenced for added security and features a dedicated parking lot, a rare find in the CBD. Inside, you'll find numerous private offices, along with a spacious kitchen/breakroom area for staff convenience. With a central location and immediate availability, this office space provides an unbeatable combination of convenience, flexibility, and security. 

Part of the Broadway Street Portfolio.

Leased: A highly flexible standalone building located in a private yet convenient location. This property includes a gated entrance with a large private parking lot. The front of the building features a roll up door that has both drive-in access as well as an exterior dock. The interior includes a showroom/office reception area, a large central warehouse, a divided rear warehouse, an office, three restrooms, and additional storage and mechanical rooms. The property is conveniently located just minutes from I-26.