Asheville, NC Redevelopment Opportunity

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Financial Details

Profit Metric:
Net Operating Income (Annual)
Location:
Asheville, NC, US
Source:
Date:
September 16, 2025

Key Highlights

Prime redevelopment opportunity in a sought-after downtown Asheville location.
Historic building with significant potential for adaptive reuse and development.
Includes three parcels with substantial building area and valuable corner lot access.

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