North Carolina
Asheville
0 Swannanoa River Road

$6,289,400

0 Swannanoa River Road, Asheville, NC 28803

Commercial Property
Built in ——
10.06acre lot
—— car garage
$——/sqft
Listed 16 days ago

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!

Listing Status:: Active
Listing Office:: NAI Allen Tate Beverly-Hanks Commercial : 828-210-3940
MLS ID:: 4308729

General: OutbuildingShed(s)WorkshopOther - See Remarks
Parking: DrivewayOther - See Remarks

Road/Access: City StreetInterstate 1 mile or Less
Originating MLS: carolina
County: Buncombe

Zoning: RM8RIVUP9648-71-3307-00000
View: CityLong RangeMountain(s)
Fencing: Partial
Restrictions: No representationuseother-see remarks.

Utilities: Electricity ConnectedOther - See Remarks
Water: CityPublicOther - See Remarks
Sewer: Public SewerOther - See Remarks

Source: carolina

This listing courtesy of NAI Allen Tate Beverly-Hanks Commercial

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Oakley Elementary School

753 Fairview Rd, Asheville, NC, 28803

Grades KG-5

1.82 miles away

Reynolds Middle School

2 Rocket Dr, Asheville, NC, 28803

Grades 6-8

4.01 miles away

Middle College

340 Victoria Rd, Asheville, NC, 28801

Grades 11-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.