Development Site in Mission
For Sale
$1,050,000
5 Frederick Street, Asheville, NC 28801
Prime 0.91-acre development site in Asheville's Mission Hospital District.
Property SizeContact for details
Lot Size0.91 Acres
Days on Market167
Property Features for 5 Frederick Street
General Information
Standard status
Active
Lot size
0.91 Acres
Property subtype
Land
Listing Agency:
(828) 337-9656
Listed By:
Austin Tyler, SIOR · License #NC #257685
(828) 337-9656
Source:
Deweypa
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 20 at 5:14AM
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 Austin Tyler, SIOR
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,895
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
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
