Asheville, NC Redevelopment Opportunity
Financial Details
- Profit Metric:
- Net Operating Income (Annual)
- Location:
- Asheville, NC, US
- Source:
- Date:
- September 16, 2025
Key Highlights
Description
This listing presents a significant redevelopment opportunity located in the heart of downtown Asheville, North Carolina. The property at 11 N. Market St, historically home to the Van Winkle Law Firm since 1987, is a certified historic tax credit rehabilitation. Originally constructed as the Western Carolina Automobile Company by John Lange, the building boasts a rich history, having served as a dealership for various automobiles and motorcycles. The offering includes three parcels: the 52,505 sq ft office building ripe for redevelopment, and two additional corner parcels, each measuring 0.14 acres. Situated within a small hotel overlay district, this generational opportunity is ideal for investors looking to capitalize on the scarcity of comparable downtown Asheville development sites. The property offers immense potential for a mixed-use project, leveraging its historic character and prime location.
Industry Information
- Industry Description:
- Building & Construction
- Classification:
- Building & Construction
Real Estate & Lease
- Status:
- Available
Listing Details
- Listing ID:
- 3aa04cbf-9bc0-42e2-8ce1-f10a86cfbccb
- Deal Status:
- For Sale
- Date Posted:
- October 23, 2023
- Last Updated:
- September 16, 2025
- Currency:
- USD