Swannanoa River Road, Asheville, NC 28803
- $6,289,400
Listing courtesy of NAI Allen Tate Beverly-Hanks Commercial. markmorris@naibeverly-hanks.com
- List Price
- $6,289,400
- MLS#
- 4308729
- Status
- ACTIVE
- Days on Market
- 299
- Property Type
- Commercial Sale
- Lot Size
- 438,344
- Lot Size Area
- 10.063
- County
- Buncombe
- Special Conditions
- Fractional Ownership
- Dom
- Yes
Property Description
Look Close! This 10.063 acres across seven parcels held under multiple entity ownerships offers the potential for acquisition and redevelopment for multifamily use– affordable, work force, market rate, LIHTC– you decide. Singularly, each ownership segment presents challenges relative to: FEMA’s 50% rule, slope, floodplain and floodway ordinances. Combined, with calculated thought, the door to opportunity is opened for multifamily redevelopment by shifting proposed buildout to the middle of all the conjoined land & taking advantage of the UP, RM8 & RIV zoning (or conditional use rezoning) blending all land tracts under a single use concept! Combined, some development hurdles are potentially mitigated. Resources, grants and low interest loans are potentially available to make this post disaster land opp the rising phoenix! Buyer to conduct all due diligence; by appointment only, buildings occupied– do NOT ride on property; agent must accompany!
Additional Information
- Water
- City, Public, Other - See Remarks
- Sewer
- Public Sewer, Other - See Remarks
- Parking
- Driveway, Other - See Remarks
- Driveway
- Paved
- Lot Description
- Flood Fringe Area, Flood Plain/Bottom Land, Green Area, Hilly, River Front, Rolling Slope, Sloped, Steep Slope, Wooded, Views
Mortgage Calculator
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