
131 McDowell St
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.
Property Details
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
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Investment Analysis
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Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 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
More Office for Sale in Asheville, NC(5)
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Todd Mintz















