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Extremely rare opportunity to purchase 1.25 acres in Downtown Asheville. This property is not only in the Central Business District, but also has lot dimensions ideal for vertical development. This property falls within the recently passed hotel district overlay and is located within the portion designated as District A for large hotels. The proximity to surrounding downtown businesses also makes this ideal for other approved redevelopment projects (zoned CBD). Parcel has frontage on both Carter St. as well as N. Ann St. With minimal vertical development the property would take in substantial long-range mountain views. Additional notes: Street lights are leased from Duke Energy. Appraisal was done in 2019 prior to land improvements, the appraisal gave a post improvement value of $3.8mm which did not include business income, only land and FF&E. Buyer responsible for checking latest city zoning and development ordinances.
Month | Payment | Principal | Interest | Total Interest | Balance |
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$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 8,788 | 52,568 | 97,980 | |
Population Median Age | 40 | 40 | 40 | |
Population by Age | 0-9 Yrs | 741 (8%) | 5064 (9%) | 10049 (10%) |
10-19 Yrs | 612 (6%) | 5296 (10%) | 10075 (10%) | |
20-29 Yrs | 1712 (19%) | 8293 (15%) | 14546 (14%) | |
30-39 Yrs | 1784 (20%) | 9706 (18%) | 16063 (16%) | |
40-49 Yrs | 1043 (11%) | 6570 (12%) | 12578 (12%) | |
50-59 Yrs | 1024 (11%) | 6186 (11%) | 11408 (11%) | |
60-69 Yrs | 1171 (13%) | 6229 (11%) | 11944 (12%) | |
70+ Yrs | 700 (7%) | 5224 (9%) | 11316 (11%) | |
Median HH Income | $35,624 | $46,675 | $47,893 | |
Total Household Income | < 24K | 1566 (37%) | 6435 (27%) | 10940 (25%) |
25-49K | 914 (22%) | 5705 (24%) | 11106 (26%) | |
50-74K | 602 (14%) | 3750 (16%) | 7448 (17%) | |
75-99K | 356 (8%) | 2259 (9%) | 4105 (9%) | |
100-199K | 492 (11%) | 3675 (15%) | 6764 (15%) | |
200K+ | 196 (4%) | 1360 (5%) | 2299 (5%) | |
Highest Education Level | No Diploma | 579 | 3368 | 6829 |
Diploma or GED | 1295 | 6826 | 14026 | |
Some College | 1527 | 6835 | 12986 | |
Assoc. Degree | 420 | 2656 | 5742 | |
Bachelors Degree | 1898 | 11564 | 19743 | |
Higher Degree | 1142 | 7533 | 12506 | |
Total Housing Units | 5,018 | 26,592 | 48,382 | |
--Owner-Occupied | 1,562 | 11,402 | 22,467 | |
--Renter-Occupied | 2,564 | 11,781 | 20,193 | |
Owner-Occupied Values | < 100K | 68 | 664 | 1688 |
100-199K | 300 | 2322 | 5803 | |
200-299K | 352 | 2862 | 5727 | |
300-399K | 266 | 2132 | 3733 | |
400-499K | 211 | 1335 | 2004 | |
500K+ | 365 | 2087 | 3513 | |
Total Working Age Population | 7,691 | 44,729 | 82,058 | |
In Work Force | 4,830 | 29,553 | 52,831 | |
Not In Work Force | 2,861 | 15,176 | 29,226 | |
Workforce Employed | 4,621 | 28,424 | 50,974 | |
Workforce Unemployed | 206 | 1,056 | 1,781 | |
Civlian Workforce | 4,827 | 29,480 | 52,755 | |
Military Workforce | 4 | 73 | 76 | |
Total Households | 4,126 | 23,183 | 42,660 | |
Family Households | 1,358 | 10,540 | 21,236 | |
Non-Family Households | 2,768 | 12,644 | 21,424 | |
Married Couple | 958 | 7,908 | 16,154 | |
Other Family | 400 | 2,631 | 5,082 | |
Married w/Child | 365 | 3,116 | 6,015 | |
Single Male w/Child | 69 | 429 | 709 | |
Single Female w/Child | 127 | 939 | 1,999 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
North Carolina | 8,049,313 | +18 | 9,535,483 | +11 | 10,630,691 | +11 | 11,836,070 |
Buncombe County | 206,330 | +16 | 238,318 | +12 | 267,046 | +11 | 296,961 |