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.