131 McDowell Street Asheville, NC $ 2,900,000
131 McDowell Street
$ 2,900,000
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131 McDowell Street

Asheville, NC, 28801
$ 2,900,000
Baths0.0

Monthly Estimate*

$ 20,257

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Studio

Commercial Property for sale in Asheville, NC

for $2,900,000. This building was built in 1974 on a lot size of 2.25.

Outstanding redevelopment opportunity ~ 2.254 acs located in the heart of Asheville’s medical district adjacent the Mission Hospital campus! Prime site perfect for high density apartments, assisted living, medical center, or dormitory housing; INST zoning accommodates 60 units ac under an affordable concept with no height standards excepting portions of the site located outside the “transition area” (ask agent re: potential land swaps). Buildings on site are deemed to have no meaningful contributing value yet may have salvage value. Do not enter buildings (demo estimate is available upon request).

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Commercial Active

Price

$ 2,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Unimproved Commercial

Lot Size

2.25

Year Built

1974

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4103059

Features
General
Sewer Public Sewer
Heating Central Other - See Remarks
Cooling Central Air Other - See Remarks
Utilities Cable Connected Electricity Connected Gas Phone Connected Other - See Remarks
Roof Composition
Construction Materials Hard Stucco Stone Veneer Wood
Year Built 1974
Property SubType Unimproved Commercial
Elevation 2500
Accessibility Two or More Access Exits
County Buncombe
New Construction N
Property Type Commercial Sale
Possible Use Commercial Multi-Family Residential Subdevelopment Other - See Remarks
Directions From the Biltmore Ave/S Charlotte St intersection in downtown follow Biltmore Ave to Mission Hospital then RT onto Hospital Dr for 2 blocks; the site (and entrance) lies catty-corner from the traffi
City Asheville
Street Name McDowell
Standard Status Active
Construction Type Site Built
Restrictions No Representation Other - See Remarks
Tax Assessed Value 99999
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Interior
Flooring Carpet Tile
Street Suffix Street
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Exterior
Parking Features Driveway Parking Lot Parking Space(s) Other - See Remarks
Lot Features Cleared Hilly Sloped Wooded Views
Water Source City
Inclusions Building Land
Lot Size Area 2.25
Foundation Details Crawl Space
Road Surface Type Paved
Lot Size Units Acres
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 131
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* Excluded Features
List By
Nai Allen Tate Beverly-Hanks Commercial

Broker

Affordability Calculator

$20,257
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,257
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/31/2024$2,900,000 Listed Price

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131 McDowell Street, Asheville, NC, 28801 is a Commercial Property for sale at $2,900,000 with a lot size of 2.25. 131 McDowell Street is a studio with 0.0 baths and was built in 1974. The property's zip code is 28801 which is in Asheville, NC