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$850,000
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Property Description
A rare development opportunity in the heart of downtown Asheville. Located at 21 Pearl Street and zoned CBD, this property offers exceptional flexibility for an investor, developer, or owner-user looking to establish a presence in one of Asheville's most desirable and dynamic areas. The property includes an existing home along with a second parcel, offering significant future development potential. The home's layout lends itself particularly well to professional office use, with multiple rooms that could function as private offices, meeting spaces, and a welcoming reception or lobby area. This creates the opportunity to utilize the existing structure immediately while exploring the longer-term potential of the property. Adding to its investment appeal, 21 Pearl Street is located within a designated Opportunity Zone, which may provide meaningful tax advantages for qualifying investments and redevelopment projects. Combined with CBD zoning and its downtown location, the property presents a wide range of possibilities for commercial, residential, mixed-use, or other development opportunities, subject to applicable City of Asheville requirements. Whether envisioned as an owner-occupied office, an income-producing property, a redevelopment site, or a combination of immediate use and future development, 21 Pearl Street offers a compelling opportunity to invest in downtown Asheville.
Full Property Details
Full Property Details for 21 Pearl St
General
- Price: $850,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4429402
- Updated: 9/30/2026
- Added to Site: 9 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 1
Location
- County: Buncombe
- Cross Streets: Patton
- Driving Directions: From I-240, take the Downtown Asheville/Patton Avenue exit. Turn left onto Patton Avenue, then right onto Pearl Street. 21 Pearl Street will be the first home on the right after "The Patton" complex.
- City Limits: Yes
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Square Feet: 1,378
- Minimum Avail: 1,171 Sq. Ft.
- Year Built: 1905
Lot Features
- Street/Road Desc.: Paved
- Rcmdd Zoning: CBD
Disclosures and Reports
- Restrictions: Other - See Remarks
- Inclusions: Building
- Property ID: 964819545800000
- Plat: 8/61
- Lot Number: multi
Listed by Abode Realty
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Schools
Schools serving 21 Pearl St
School District:Asheville City Schools
| Name | Grades | Distance |
|---|---|---|
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801 | K-5 | 1.1 mi |
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801 | K-5 | 1.2 mi |
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806 | K-5 | 1.4 mi |
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801 | 6-8 | 0.4 mi |
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.5 mi |
Asheville High 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.5 mi |
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806 | K-5 | 2.5 mi |
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804 | K-5 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 21 Pearl St
Date
Details
Price
Change
Source
9/29/2026
Listed
$850,000
225.67%
MLS
9/04/2008
Sold
$261,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 21 Pearl St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,995
18%
$252,500
—
2023
$2,543
1%
$252,500
—
2022
$2,518
—
$252,500
—
2021
$2,518
41%
$252,500
53%
2020
$1,782
—
$165,300
—
2019
$1,782
—
$165,300
—
2018
$1,782
-1%
$165,300
—
2017
$1,798
37%
$165,300
55%
2015
$1,308
1%
$106,400
—
2014
$1,292
—
$106,400
—
2013
$1,292
—
$106,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 21 Pearl St
21 Pearl Street, Asheville, NC 28801 (MLS# 4429402) is a Commercial property. 21 Pearl Street is currently listed for $850,000 and was received on September 29, 2026. Want to learn more about 21 Pearl Street? Do you have questions about finding other Commercial real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

