Half our readers knew what the 2% rule in commercial real estate typically suggests.
For the other half, we’ll make it quick: The 2% rule is a real estate gut-check. If a property’s monthly rent is about 2% of what you paid for it (including any upfront repairs), it might be a solid cash-flow play.
Listed
Retail, for lease
1 Battle Square | 1,900 sqft | $4,117/month (MG) | Ground-level retail space at a high-visibility downtown Asheville corner with large storefront windows, strong foot traffic, and proximity to Grove Arcade.
45 Asheland Ave. | 1,462 sqft | $4,000/month (NNN) | Fully equipped food service space in downtown Asheville with existing kitchen infrastructure, located in a mixed-use residential building with built-in customer base and walkable CBD access.
Commercial, for sale
900 W. Chapel Rd. | 9,000 sqft | $895,000 | Two-level building with front and rear access, offering strong visibility near Hendersonville Rd. with easy access to I-40 and I-240.
140 Tunnel Rd. | 8,081 sqft | $2.49 million | Freestanding retail building with open layout, ample parking, and strong visibility along Tunnel Road near I-240, positioned adjacent to national retailers with excellent signage opportunities.
Land, for sale
105 Woodland Meadows Dr. | 51.65 acres | $3.87 million | Large-scale development opportunity in South Asheville with PUD approvals, infrastructure in place, and access to Sweeten Creek Rd.
Sandy Broadwill of Land of Sky Regional Council shared a new initiative helping WNC employers rethink the commute. The Commute Friendly WNC program offers free certification and resources for businesses promoting sustainable transportation. Eligible workplaces can apply online.
Transit
Speaking of transportation... A proposed passenger rail line connecting Asheville and Salisbury is gaining traction, though funding remains a hurdle. Why it matters: A recent study estimates the project could generate $1 billion in economic output during construction and $60 million annually once operational. (Blue Ridge Public Radio)
Development
Construction is underway on a new AdventHealth hospital in nearby Weaverville. The project is expected to have up to 222 beds, expand healthcare access, and create jobs in the rural region. (Asheville Citizen-Times)
Jobs
Strada Services is hiring an AC Supervisor in Arden. The role will oversee front-line teams, manage production operations, and ensure quality, safety, and efficiency across residential electrical and AC work. Apply online.
Listen
Last week, we shared must-listen local podcasts. Here’s another one: “Balanced Virtually Podcast.” In the most recent episode, “Burnout Isn’t a Business Strategy,” somatic coach Meredith Rosenbluth shares how understanding your nervous system can support resilience, prevent burnout, and help you show up more effectively at work and in life.
Editor Grace paid the troll a visit.
Photo by AVLtoday
Tourism
“Sometimes public art is looked at as just an amenity… [but it] is serving as an attractor,” said Melody Burnett on the economic impact of large-scale art. In Asheville, a recent troll exhibit at the North Carolina Arboretum drew significant crowds — underscoring how public art can drive tourism and local spending. (Business North Carolina)
Network
Follow Kit Cramer on LinkedIn. As a longtime leader in Asheville’s business community, she regularly shares opportunities, insights on economic development, small business growth, and workforce trends across the region.
Events
Agenda
We’re on the lookout for top networking events each week. If you have any to share, please reply to this email or add your event to our website.
If you’re job hunting, one of the best things you can do is learn a new skill. Every time I’ve been between roles, I’ve invested in my development — and it’s paid off.
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