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33845387
33845388

11 Collier Ave, Asheville, NC 28801

BD
Crexi Contact
Commercial Real Estate Exchange Inc
BA
NC 204647
Listed by Commercial Real Estate Exchange Inc
Starting bid: $300,000
Bidding Starts:
August 31st, 2026 4:00 pm

Downtown Asheville Land

Details
APN 9648-38-5770-00000
Property Type Land
Sub Type Residential
Broker Co-Op Yes
Acreage 0.550
Zoning Central Business District
Investment Type Redevelopment

Documented Planning Supports 54-unit, Five-story Multifamily

Marketing description

For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].

11 Collier Avenue at 11 Collier Avenue, Downtown Asheville, NC 28801 is a rare opportunity to secure a prime downtown infill development site in one of Western North Carolina’s most dynamic urban markets. This ±0.55-acre vacant parcel is positioned in Asheville’s CBD, where no vehicular parking is required—unlocking exceptional density, efficiency, and stronger project economics. Backed by prior entitlement and design work, the site supports a planned 54-unit, five-story multifamily concept, with test-fit scenarios ranging from 36 to 60 units and approximately 34,712 SF proposed. Opportunity Zone designation adds potential tax advantages for qualified investors, while the walkable downtown location places future residents steps from Asheville’s celebrated dining, breweries, galleries, transit, and employment hubs. Surrounded by mountain views, strong demographic demand, and limited new supply, 11 Collier Avenue offers a compelling blend of low basis entry, development-ready positioning, and long-term upside in a high-demand rental market!

  • Non-Contingent
  • Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
  • Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
  • $10,000 Participation Deposit

11 Collier Ave, Asheville, NC 28801

Investment highlights

NC Auctioneer Robert Gates NC 4823

  • Documented planning supports 54-unit, five-story multifamily. Test-fit scenarios range 36-60 units. Prior entitlement & design work completed.
  • CBD zoning eliminates vehicular parking requirements, maximizing revenue-generating land area and unit count on 0.55 acres.
  • Downtown Asheville infill with exceptional walkability to dining, breweries, transit, and amenities. Strong 25-45 demographic demand.
  • Opportunity Zone designation offers qualified investors potential capital gains deferral and tax benefits on new development.
  • Starting bid $300,000 for prime downtown land with significant upside through redevelopment. Rare urban infill at scale.
  • High-density urban infill in supply-constrained downtown Asheville
  • Proven concept with planning documentation reduces entitlement risk
  • No parking requirement = more units, lower cost, higher NOI potential
  • OZ status attracts tax-sensitive capital and enhances buyer pool
  • Strong demographic tailwinds: young renters, tourism, limited new supply

Contacts

BD
Crexi Contact
Commercial Real Estate Exchange Inc
BA
NC 204647
Listed by Commercial Real Estate Exchange Inc

Map

Zoning

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CBD CommercialCore CommercialCentral Business District
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Brent Allen
License
204647
Brokerage
Patton Allen RE
Brokerage Phone
828-348-1154
Title
Owner
Brokerage Address
264 Haywood Road
Name
Robert Gates
License
4823
Title
Auctioneer
State
NC
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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