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 listed under commercial MLS# 4394153 and land MLS# 4398540
53 days
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85
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1
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Stoner Giltzstoner@stemrealtygroup.com,
Stem Realty Group
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4398540
Facts & features
Interior
Interior area
Finished area below ground: 0
Property
Lot
Size: 0.38 Acres
Details
Parcel number: 963885082600000
Zoning: HR-7:TC
Special conditions: Standard
Utilities & green energy
Sewer: Public Sewer
Water: City
Community & HOA
Location
Region: Asheville
Financial & listing details
Tax assessed value: $264,800
Annual tax amount: $2,909
Date on market: 6/24/2026
Cumulative days on market: 54 days
Exclusions: All tenant fixtures and belonging currently in premises
Road surface type: Paved
Estimated market value
Zestimate®
$415,600
Estimated sales range
$332,000 - $503,000
Rent Zestimate®
$2,225/mo
Price history
Date
Event
Price
8/10/2026
Price change
$549,000-8.3%
Source: Canopy MLS as distributed by MLS GRID #4398540Report a problem
6/29/2026
Listed for sale
$599,000+20%
Source: Canopy MLS as distributed by MLS GRID #4398540Report a problem
6/6/2025
Listing removed
$499,000
Source: Canopy MLS as distributed by MLS GRID #4069905Report a problem