Property Description

Exceptional redevelopment opportunity in one of Asheville's most strategic growth corridors. Located along a primary connector between Downtown Asheville, the River Arts District, and West Asheville, this property benefits from outstanding visibility, accessibility, and proximity to ongoing investment and redevelopment. The surrounding area offers an ideal mix of residential neighborhoods, commercial activity, and destination businesses. Within walking distance of breweries, restaurants, hotels, offices, and retail establishments, the location provides excellent vehicle and pedestrian traffic. The existing structure offers immediate utility, while the site's HR-7 zoning allows for a wide range of residential and commercial development opportunities. Architectural plans and pricing for a proposed 12-unit condominium project are available with an acceptable offer and executed confidentiality agreement. Phase I and Phase II Environmental Site Assessments have been completed, providing valuable due diligence for prospective buyers and developers. An adjacent parcel may also be available for purchase, creating additional flexibility and potential for a larger assemblage opportunity.

Property Features