131 McDowell St 14,744 SF 100% Leased Office Building Asheville, NC 28801 £2,019,056 (£136.94/SF)

INVESTMENT HIGHLIGHTS

  • Outstanding redevelopment opportunity located in the heart of Asheville's medical district!
  • 2.38% annual population growth forecast from 2024 to 2029!

EXECUTIVE SUMMARY

Outstanding redevelopment opportunity - 2.254 acres 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 offices, or affordable housing. INST zoning accommodates 60 units per acre with no height standards excepting portions of the site located in the "transition area". Redevelopment opportunities include potential adaptive reuse of the existing buildings for office conversion, general business, facility/construction offices with laydown yard or demo, in whole or part, for alternative mid-rise development. 2.38% annual population growth forecast (ESRI) from 2024 to 2029! Do not enter buildings, demo estimate on file, agent must accompany all showings.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Development Sale
Property Type
Office
Property Subtype
Medical
Building Size
14,744 SF
Building Class
C
Year Built/Renovated
1974/2005
Price
£2,019,056
Price Per SF
£136.94
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
7,372 SF
Building FAR
0.15
Lot Size
2.25 AC
Opportunity Zone
Yes
Zoning
INS - INS - Density bonuses
  • Listing ID: 34019477

  • Date on Market: 27/11/2024

  • Last Updated:

  • Address: 131 McDowell St, Asheville, NC 28801