131 McDowell St - Medical FOR SALE


Asheville, NC 28801
$2,600,000 USD
828-674-4350
131 McDowell St, Asheville, NC for Sale
$2,600,000 USD
Medical - FOR SALE
1/30
null | Request Cap Rate

131 McDowell St
Asheville, NC 28801


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

INS

APN/PARCEL ID

9648-34-5490-00000

ASK ABOUT THIS PROPERTY

Mark MorrisNAI Beverly-HanksMore Info
828-674-4350

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Mark MorrisNAI Beverly-HanksMore Info
828-674-4350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.