Downtown Asheville Portfolio

Tucked into the heart of Asheville’s South Slope, Coxe Avenue maintains a dynamic blend of old industrial grit and modern creative energy. The South Slope, located just south of Asheville’s central downtown core, has rapidly evolved from a once-industrial corridor into a vibrant and expanding urban neighborhood. Known for its strong craft brewery presence, including names like Burial Beer Co. and Wicked Weed’s Funkatorium, South Slope has become a magnet for both locals and tourists seeking food, culture, and unique experiences. This area is characterized by a blend of renovated warehouse spaces, new mixed-use developments, and a growing number of residential infill projects. Over the past decade, significant public and private investment has spurred revitalization, infrastructure improvements, streetscape enhancements, and zoning changes that favor high-density, pedestrian-friendly development.DPA is proud to present an extremely rare opportunity to acquire a portfolio of 2.01 contiguous acres at the southern gateway to Downtown Asheville, including over 40,000 square feet of building space with current income and adaptability. Zoned as flexibly as "CBD," the property is located in an Opportunity Zone and there is a Brownfields Agreement in place. Anchoring the southwest corner of the famed 'South Slope,' this assemblage offers investors, developers and owner-users the chance to secure a significant footprint along one of the city’s most active growth corridors. This is an opportunity to invest in Asheville’s future with a property that combines location, scale, and local character. Property Details: 207 Coxe Avenue Main Level: 15,170 SF Lower Level: 6,424 SF Total: 21,594 SF Built in 1920 Includes an expansive lower level with exterior access Tenants include creative office and studio/gallery users 217 Coxe Avenue Upper Level: 5,182 SF Warehouse: 5,309 SF Main Level: 4,917 SF Lower Level: 2,385 SF Total: 17,793 SF Built in 1940 Includes an expansive lower level with exterior access Tenants include Switchyards Neighborhood Work Club, Underground Fitness, and Open Hearts Art Center 225 Coxe Avenue Building 1: 1,100 SF Built in 1957, renovated in 2025 Tenant is a coffee shop Building 2: 1,200 SF Built in 1975 Tenant is Iggy's Auto Detailing Each building features street frontage and flexible layouts ideal for a multitude of uses, including adaptive reuse, creative office, retail, hospitality, or mixed-use redevelopment. With generous lot sizes and alley access, the portfolio provides excellent logistical functionality and potential for expansion or infill. Zoned CBD which allows for high density. Strategically positioned within walking distance to downtown Asheville breweries, retail, and hotels, this offering represents strong value-add or redevelopment options in one of the Southeast's most desirable markets. The property is located in an Opportunity Zone, providing additional tax incentives.