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Executive Summary

Introducing 71 Thompson St, Asheville, NC, a +/- .93-acre redevelopment opportunity in the heart of Biltmore Village, heavily impacted by hurricane Helene, and ready for new, creative redevelopment vision. This 5-parcel assemblage is located with the River zoning district, as well as the "All" hotel overlay district, making for a unique redevelopment opportunity in a central Biltmore Village location. With over 300 feet of road frontage on Thompson Street, easy access to downtown Asheville, and walking distance to the Biltmore estate, this expansive property offers an exceptional opportunity for investors looking to lead the charge in bringing new life and creative redevelopment into the core of Biltmore Villages post Helene recovery.

Property Facts

Price $975,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Hospitality
  • Hotel
Total Lot Size 0.93 AC
Opportunity Zone Yes
Zoning RIVER - River

1 Lot Available

Lot

Price $975,000
Price Per AC $1,048,387.10
Lot Size 0.93 AC

Existing building has been demolished, and site has been graded by owner.

Description

This 5-parcel assemblage is located with the River zoning district, as well as the "All" hotel overlay district, making for a unique redevelopment opportunity in a central Biltmore Village location.

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
  • Listing ID: 34235292

  • Date on Market: 12/18/2024

  • Last Updated:

  • Address: 71 Thompson St, Asheville, NC 28803

Contact the Sale Advisor

71 Thompson St

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