Medical District Redevelopment
For Sale
$2,600,000
131 Mcdowell St, Asheville, NC 28801
Redevelopment property near Mission Hospital with INST zoning supporting up to 60 units.
Lot Size2.25 Acres
Days on Market40
Property Features for 131 Mcdowell St
General Information
Standard status
Active
Lot size
2.25 Acres
Zoning
INST
Listing Agency:
NAI Beverly-Hanks
(828) 674-4350
Listed By:
Mark Morris · License #46982
(828) 674-4350
Source:
Exprealty
Added: Jun 24
Changed: Jul 27
Last Checked: Jul 31 at 4:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Beverly-Hanks
Investment Insights
Based on property information with market context.
This is an as-is, where-is redevelopment opportunity on approximately 2.254 acres in the heart of a medical district, adjacent to the Mission Hospital campus. The property is being offered with existing buildings on site that are deemed to have no contributory value. Do not enter the buildings; a demo estimate is available upon request, and the interior condition should be confirmed with the listing agent.
The site is located in INST zoning and is described as accommodating up to 60 units, with no height standards applying excepting portions of the site outside the “transition area.” The offering also references potential land swaps, which should be discussed with the agent.
Interest noted in the remarks includes high-density apartments, assisted living, or medical center development, subject to zoning and site conditions.
The site is located in INST zoning and is described as accommodating up to 60 units, with no height standards applying excepting portions of the site outside the “transition area.” The offering also references potential land swaps, which should be discussed with the agent.
Interest noted in the remarks includes high-density apartments, assisted living, or medical center development, subject to zoning and site conditions.
Key Highlights
- 2.254‑acre redevelopment site in Asheville’s medical district adjacent to the Mission Hospital campus
- INST zoning supports up to 60 units (subject to the stated zoning concept/limits provided)
- Potential uses mentioned include high‑density apartments, assisted living, or a medical center development
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,155
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Redevelopment property near Mission Hospital with INST zoning supporting up to 60 units.
Where is this assisted living facility located?
The property is located at 131 Mcdowell St Asheville, NC.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 2.254‑acre redevelopment site in Asheville’s medical district adjacent to the Mission Hospital campus; INST zoning supports up to 60 units (subject to the stated zoning concept/limits provided); Potential uses mentioned include high‑density apartments, assisted living, or a medical center development
