Building Details

Building Size 2,026 SF

Year Built 2026

Listing Agency: GreyBeard Realty Show Phone

Listed By: Bill Roberts Show Phone

Source: Blackstreaminternational

Added: Sep 14 Changed: Sep 23 Last Checked: Sep 22 at 4:36PM

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Investment Insights

Based on property information with market context.

This fully permitted, under-construction apartment development includes 12 individually designed units at 73 W Mitchell Street. Each apartment is configured with a private single bedroom, walk-in shower, full kitchen, stackable washer and dryer, personal deck, and dedicated front-door parking. The property has a 2026 year built designation.

Located in Downtown Old Fort, the development is positioned for walkable access to the downtown area. Old Fort is 25 miles east of Asheville and is connected to a growing outdoor recreation network that includes Kitsuma, Catawba Falls, and the Gateway Trail System. Units may be acquired individually, in groups, or as the complete development, providing multiple purchase configurations.

Key Highlights

• 12‑unit apartment development under construction
• Fully permitted property at 73 W Mitchell Street, Downtown Old Fort
• Each unit includes a private single bedroom, walk‑in shower, full kitchen, and stackable washer and dryer

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick HVAC Service Building Supply Bakery Furniture & Home Goods Pharmacy Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12

Residential units

Location Intelligence

Trade Area within ½ mile

210

Businesses Nearby

Explore this area Business Placement

Demographics for 28762, NC

6,661

Population

3,544

Households

1.9

Avg Household Size

46

Median Age

18%

College-Educated

91%

High-School Grad

95.5 sq mi

ZIP Area

70

Density / Sq Mi

$52,269

Median Household Income

$38,920

Median Earnings

$757

Median Rent

$176,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Individually designed apartments include private decks, full kitchens, and stackable washer and dryer units.

Where is this apartment building located?

The property is located at 73 W Mitchell Street Old Fort, NC.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: 12‑unit apartment development under construction; Fully permitted property at 73 W Mitchell Street, Downtown Old Fort; Each unit includes a private single bedroom, walk‑in shower, full kitchen, and stackable washer and dryer