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    21 Pearl St Asheville, NC 28801

    Sponsored
    For Sale
    $1,200,000

    Prime CBD location, 1,121 sq ft office.

    Property size:
    1,121 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Asheville's vibrant Central Business District (CBD). This single-story, 1,121 square foot office building, constructed in 1905, sits on a 0.32-acre lot and is zoned for CBD use. The property's address is 21 Pearl Street, Asheville, NC 28801, and includes two parcels of land (APN: 964819545800000 & 964819546200000). Its versatile nature makes it suitable for a variety of uses, including traditional, executive, or creative office spaces. The building presents a unique chance for developers and investors to capitalize on the growing demand for both residential and commercial properties in Asheville's thriving downtown area. The asking price is $1,200,000. This property offers significant potential for redevelopment and represents a chance to create a landmark project in a highly desirable location. The property's location within the CBD and its substantial lot size contribute to its considerable investment appeal. This is a rare opportunity to acquire a piece of Asheville's rich history and shape its future.

    Property Features for 21 Pearl St

    General Information

    Property type
    Office space
    Square Feet
    1,121 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1905
    Stories
    1

    HighLights

    • $1,200,000 asking price.
    • 1,121 square foot office building.
    • Located in Asheville, NC's Central Business District (CBD) in an Opportunity Zone.
    • 1905 construction, one‑story building on a 0.32‑acre lot.
    • Property includes two parcels, APN 964819545800000 & 964819546200000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.56075566
    Latitude
    35.59233891

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    FAQs

    What type of property is this?
    Office space - Prime CBD location, 1,121 sq ft office.
    Where is this office space located?
    The property is located at 21 Pearl St Asheville, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 1,121 square foot office building.; Located in Asheville, NC's Central Business District (CBD) in an Opportunity Zone.
    Request Owner's contact information
    21 Pearl St Asheville, NC 28801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21 Pearl St Asheville, NC 28801
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