131 McDowell St - office in Asheville, NC
Office

131 McDowell St

asheville, nc, 28801, asheville, NC 28801

Price

Price on request

Square Feet

14,744

Description

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 le, agent must accompany all showings.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

asheville, nc, 28801, asheville, NC 28801

Marker
Leaflet © OpenStreetMap contributors

Property Details

Building Size14,744 SF

Market Context

This office in Asheville, NC is listed for sale across 14,744 SF. It has been on the market for 118 days.

Compare it against other office listings for sale in Asheville, NC to benchmark pricing and space — view the full market.

Sale Price History

Market report quarterly trend fallback

Very Low Confidence

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Investment Analysis

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Financing Assumptions

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Market Employment Trend

YoY Growth:+1.0%
Avg Weekly Wage:$1,428

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population274,360
Median Income$74k
College Educated39.6%↑ 6.2pp
Median Age42.6 yrs
Median Home Value$392k
Unemployment4.3%↑ 0.7pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: office in asheville, NC

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