INNOVATE Real Estate
Unimproved Commercial at 71 Thompson Street, Asheville
Unimproved Commercial at 71 Thompson Street, Asheville, photo 2 of 8
Unimproved Commercial at 71 Thompson Street, Asheville, photo 3 of 8
Unimproved Commercial at 71 Thompson Street, Asheville, photo 4 of 8
Unimproved Commercial at 71 Thompson Street, Asheville, photo 5 of 8
Unimproved Commercial at 71 Thompson Street, Asheville, photo 6 of 8
Unimproved Commercial at 71 Thompson Street, Asheville, photo 7 of 8
Unimproved Commercial at 71 Thompson Street, Asheville, photo 8 of 8
8 photos

$975,000

71 Thompson Street
Asheville, NC 28803
Listed by Chris Mansfield · NAI Beverly-Hanks
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Introducing 71 Thompson St, Asheville, NC, a +/- .93-acre redevelopment opportunity in the heart of Biltmore Village, heavily impacted by hurricane Helene, and ready for new, creative redevelopment vision. This 5-parcel assemblage is located with the River zoning district, as well as the "All" hotel overlay district, making for a unique redevelopment opportunity in a central Biltmore Village location. With over 300 feet of road frontage on Thompson Street, easy access to downtown Asheville, and walking distance to the Biltmore estate, this expansive property offers an exceptional opportunity for investors looking to lead the charge in bringing new life and creative redevelopment into the core of Biltmore Villages post Helene recovery.

Property details

MLS
Canopy MLS
MLS #
CAR4208180
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
398
On market date
December 18, 2024
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
75
Lot size
N/A

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Oakley Elementary
1.45 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
447
Student:teacher ratio
13.5:1
District
Buncombe County Schools
Middle
Asheville Middle
1.7 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
623
Student:teacher ratio
11.5:1
District
Asheville City Schools
High
Asheville High
0.92 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,135
Student:teacher ratio
13.2:1
District
Asheville City Schools

Walkability

Blended score for Asheville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

86
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks5
Schools4
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Asheville, from live MLS data.

On the market 398 days -- 278 more days than Asheville's current average of 120 days.
For reference, the median list price across 1,597 active listings in Asheville right now is $489,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$6,022/mo
$195,000 down
$780,000 loan
Principal & interest$5,059
Property tax (est.)$813
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated January 20, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.