Downtown Asheville Land
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
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