0 Swannanoa River RD, Asheville, NC 28803 – 4308729

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Kelly Myers - MrLakeNorman

kelly@mrlakenorman.com +1(704) 621-5000

$ 6,289,400

Est. payment | -/mo

10.06 Acres Lot

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$ 6,289,400

Est. payment | -/mo

Save

10.06 Acres Lot

Key Details

Property Type Commercial

Sub Type Unimproved Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4308729

Lot Size 10.063 Acres

Acres 10.063

Property Sub-Type Unimproved Commercial

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!

Location

State NC

County Buncombe

Zoning RM8,RIV, UP

Interior

Inclusions Building, Land

Exterior

Fence Partial

Utilities Available Electricity Connected, Other - See Remarks

View City, Long Range, Mountain(s)

Street Surface Paved

Building

Lot Description Flood Fringe Area, Flood Plain/Bottom Land, Green Area, Hilly, River Front, Rolling Slope, Sloped, Steep Slope, Wooded, Views

Sewer Public Sewer, Other - See Remarks

Water City, Public, Other - See Remarks

New Construction false

Others

Senior Community false

Restrictions No Representation,Use,Other - See Remarks

Acceptable Financing Cash, Other - See Remarks

Listing Terms Cash, Other - See Remarks

Special Listing Condition Fractional Ownership

Listed by Mark Morris • NAI Allen Tate Beverly-Hanks Commercial • markmorris@naibeverly-hanks.com

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Kelly Myers - MrLakeNorman

+1(704) 621-5000

Broker/Owner/Trainer/Coach | License ID: 300067

Broker/Owner/Trainer/Coach License ID: 300067

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0 Swannanoa River RD Asheville, NC 28803

Kelly Myers - MrLakeNorman

Key Details

Location

Interior

Exterior

Building

Others

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