68 Carter ST Asheville, NC 28801

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.