Hotel-Motel
South Slope Boutique Hotel Development
42-50 Collier Ave, Asheville, NC 28801
Listing Price: $2,250,000
Investment Overview
Marcus & Millichap is pleased to present the fee simple interest in a mixed-use development parcel located in Asheville’s South Slope Brewing District, a highly walkable urban submarket known for its breweries, strong culinary scene, and proximity to major entertainment venues.
Current ownership has secured city approvals and a permit ready set of architectural and engineered plans for a thoughtfully designed mix of retail, dining, hospitality, residential, and parking components.
The project is positioned to benefit from Asheville’s tourism driven economy with approximately 12.5 million annual visitors, supported by nearby demand drivers including The Biltmore Estate, the River Arts District, and Harrah’s Cherokee Center Asheville. Accessibility and long-term growth are further strengthened by Asheville Regional Airport’s $400 million expansion.
South Slope Boutique Hotel Development
Investment Highlights
- Mixed-use development opportunity: luxury boutique hotel, parking, retail, restaurant, and condominiums
- Offering includes a fully entitled site and set of permit ready plans
- A+ location in the South Slope Brewing District, high foot traffic area with breweries, dining, and retail
- Tourism-driven economy: 27,000 jobs and $2.6B in visitor spending
- The Biltmore Estate, (1.9 miles) attracts 1.4M visitors annually
Listing Price: $2,250,000
Investment Highlights
- Mixed-use development opportunity: luxury boutique hotel, parking, retail, restaurant, and condominiums
- Offering includes a fully entitled site and set of permit ready plans
- A+ location in the South Slope Brewing District, high foot traffic area with breweries, dining, and retail
- Tourism-driven economy: 27,000 jobs and $2.6B in visitor spending
- The Biltmore Estate, (1.9 miles) attracts 1.4M visitors annually
Investment Overview
Marcus & Millichap is pleased to present the fee simple interest in a mixed-use development parcel located in Asheville’s South Slope Brewing District, a highly walkable urban submarket known for its breweries, strong culinary scene, and proximity to major entertainment venues. Current ownership has secured city approvals and a permit ready set of architectural and engineered plans for a thoughtfully designed mix of retail, dining, hospitality, residential, and parking components. The project is positioned to benefit from Asheville’s tourism driven economy with approximately 12.5 million annual visitors, supported by nearby demand drivers including The Biltmore Estate, the River Arts District, and Harrah’s Cherokee Center Asheville. Accessibility and long-term growth are further strengthened by Asheville Regional Airport’s $400 million expansion.
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