ASHEVILLE, NORTH CAROLINA — GBX Group LLC is pleased to announce the conversion of a historic building on Biltmore Avenue into four new condominiums in the heart of downtown Asheville that are now listed for sale. The project brings new residential use to the historic property while maintaining the character that makes older buildings a key part of Asheville’s community. Through this rehabilitation, GBX Group has created four residences that blend modern interior finishes with the historic charm of the building and the convenience of a downtown location.
A New Residential Opportunity in Downtown Asheville
Located at 134 Biltmore Avenue, the building offers residents convenient access to the businesses, restaurants, entertainment and cultural destinations that make downtown Asheville a sought-after place to live.
Constructed around 1905 as a residential “flats” building, the property represented an uncommon housing type in Asheville at the time. During this period, demand for multi-unit housing was more typically accommodated through large hotels or the conversion of traditional single-family homes into multiple residences.
The four-condominium conversion represents GBX Group’s continued focus on finding productive new uses for historic properties. The project balances the building’s established character with the needs of contemporary residential living, positioning it to remain an active part of the surrounding neighborhood for years to come.
Condominiums Available for Purchase
Condominiums within the newly converted building are currently being offered for sale. Prospective buyers have the opportunity to own a home within a historic downtown property while enjoying the benefits of a newly completed condominium.
Those interested in learning more or scheduling a private showing are encouraged to contact Asheville Realty Group through the property listing.
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About GBX Group LLC
GBX Group LLC specializes in acquiring, preserving and operating historic real estate in urban markets. The company partners with investors to fund the acquisition and preservation of historic real estate with the goal of generating community revitalization and economic growth. As of January 2026, GBX Group has been involved in 216 real estate projects in 24 states. For more about GBX Group, visit gbxgroup.com/.
