5 Frederick Street Asheville, NC 28801

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Listed by Austin Tyler, SIOR · License #NC #257685 Show Phone

Source Deweypa

Added: Mar 6 Updated: Jul 6 at 10:51AM Checked: Jul 21 at 5:07AM

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Investment Insights

Based on property information with market context.

This prime ±0.91-acre development site is located in the Mission Hospital District, positioned on the main corridor connecting Downtown Asheville to Biltmore Village. Situated within an Opportunity Zone and zoned Office/Business District, the site allows a wide range of office, medical, residential, and supporting commercial uses. The location offers high visibility, strong connectivity, and long-term investment potential. The Office/Business District zoning permits office, medical, multifamily, retail, daycare, fitness, and research uses. This strategic location between Downtown Asheville and Biltmore Village represents a strong development opportunity in a rapidly growing medical district, offering tax-advantaged investment potential within an Opportunity Zone.

Key Highlights

• Prime ±0.91‑acre development site in the Mission Hospital District
• Located in an Opportunity Zone with tax‑advantaged investment potential
• Office/Business District zoning allows diverse uses: office, medical, multifamily, retail, daycare, fitness, and research

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FAQs

What type of property is this?

Commercial land - Prime 0.91-acre development site in Asheville's Mission Hospital District.

Where is this commercial land located?

The property is located at 5 Frederick Street Asheville, NC.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: Prime ±0.91‑acre development site in the Mission Hospital District; Located in an Opportunity Zone with tax‑advantaged investment potential; Office/Business District zoning allows diverse uses: office, medical, multifamily, retail, daycare, fitness, and research