0 Swannanoa River Road
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$6,289,400
Community: Asheville in Buncombe County
Thank You!
You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here
If You Have Any Other Questions, Call Us At 1(888)-247-3466
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!
Presented by:
Mark Morris at NAI Allen Tate Beverly-Hanks Commercial
Listed by:
NAI Allen Tate Beverly-Hanks Commercial
Mark Morris at NAI Allen Tate Beverly-Hanks Commercial
Listed by:
NAI Allen Tate Beverly-Hanks Commercial
Original Listing Price:
6,289,400
MLS #: 4308729
Listing Status: Active
Days on Market: 8
Buying Firm Commission: Test
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Directions: From downtown Asheville, follow Biltmore Avenue to left on Swannanoa River Rd; follow SRR to the corner of Caledonia; property stretches alongside the Caledonia & SRR intersection (immediately west of the Tobacco Barn) to Bryson Rd and includes 10.063 acs & multiple buildings.
Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.
Property Features
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Garage/Carport: Driveway,Other - See Remarks
Water: City,Public,Other - See Remarks
Sewer: Public Sewer,Other - See Remarks
Lot Description: Flood Fringe Area,Flood Plain/Bottom Land,Green Area,Hilly,River Front,Rolling Slope,Sloped,Steep Slope,Wooded,Views
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