Property Description

New Construction: 12-Unit New Construction Development in Downtown Old Fort, NC73 W Mitchell Street offers an opportunity for investors or home buyers looking for housing that allows you to walk to all that Downtown Old Fort has to offer. This fully permitted, under-construction property comprises 12 individually designed units, each featuring a walk-in shower, stackable washer and dryer, full kitchen, private single bedroom, and personal deck, with dedicated front door parking. Old Fort is in the midst of a deliberate, well-funded transformation. The G5 Trail Collective, in partnership with the U.S. Forest Service, is expanding the surrounding trail network toward a planned 42 miles, building on the momentum of Kitsuma, Catawba Falls, and the Gateway Trail System, and drawing hikers, mountain bikers, and equestrians from across the region. That momentum shows up most clearly in Old Fort's dining and gathering spots, which have become a draw in their own right. Hillman Beer's downtown taproom offers creekside seating and a full food menu alongside its brews, while Foothills Watershed pairs house-brewed beer with a barbecue menu sourced from Foothills Butcher Shop across its 117-acre riverside bike park and recreation grounds. Whaley Farm Brewery brings European-style lagers and Appalachian-inspired ales just across the stream, and Euda Wine rounds out the beverage scene for visitors who prefer wine to beer. On the food and coffee side, Seeker Coffee has built a loyal following for its locally roasted drinks, Gogo's Cinnamon Rolls draws a steady stream of visitors downtown for its baked goods. Modern Alchemist, born from a passion for mixology and experimentation, blends tradition and boundary-pushing creativity from its on-site distillery and food offerings in an amazing space. Other local favorites include, The Davis Country Store & Cafe, Black Beary's Cafe, and 27 Main.For investors, the property's design offers meaningful flexibility. The unit configuration works equally well as short-term rentals for the rising tide of outdoor recreation visitors, or as long-term workforce housing to meet a documented local need as new businesses and residents continue arriving. With construction still underway, buyers have the added advantage of stepping in before completion, with the opportunity to influence remaining finish and design decisions.Units can be purchased as single units, multiple units or the entire development.Positioned just 25 miles east of Asheville, Old Fort offers access to the same regional demand drivers at a fraction of the cost of entry, making 73 W Mitchell Street a compelling opportunity to capture ground-floor value in a market with clear, sustained momentum.

Property Features