A rare development opportunity in the heart of downtown Asheville. Located at 21 Pearl Street and zoned CBD, this property offers exceptional flexibility for an investor, developer, or owner-user looking to establish a presence in one of Asheville's most desirable and dynamic areas. The property includes an existing home along with a second parcel, offering significant future development potential. The home's layout lends itself particularly well to professional office use, with multiple rooms that could function as private offices, meeting spaces, and a welcoming reception or lobby area. This creates the opportunity to utilize the existing structure immediately while exploring the longer-term potential of the property. Adding to its investment appeal, 21 Pearl Street is located within a designated Opportunity Zone, which may provide meaningful tax advantages for qualifying investments and redevelopment projects. Combined with CBD zoning and its downtown location, the property presents a wide range of possibilities for commercial, residential, mixed-use, or other development opportunities, subject to applicable City of Asheville requirements. Whether envisioned as an owner-occupied office, an income-producing property, a redevelopment site, or a combination of immediate use and future development, 21 Pearl Street offers a compelling opportunity to invest in downtown Asheville.
| MLS # | 4429402 |
|---|---|
| Listing Type | For Sale |
| Style | N/a |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 29 |
| Listing Provided By | Abode Realty | Ryan McCullough |
| Bath(s) | 1 |
|---|---|
| SQ Feet | 1,378 |
| Zoning | CBD |
| Acreage | 0.32 |
| Foundation Details | Crawl Space |
|---|
| List Aor | Land of The Sky Association of Realtors |
|---|
| Property | 343100 |
|---|
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| Listing VS Median (in 28801) | |
Price: $850,000 low | high Med: $749,450 sqft: 1,378 low | high Med: 1,512 $ / sqft: $617 low | high Med: $515 On site: 29 low | high Med: 98.5 | |
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| Listing VS Median (in 28801) | |
Price: $850,000 low | high Med: $749,450 sqft: 1,378 low | high Med: 1,512 $ / sqft: $617 low | high Med: $515 On site: 29 low | high Med: 98.5 | |