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!
Address
Open on Google Maps-
Address: Swannanoa River Road
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City: Asheville
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State/county: NC
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Zip/Postal Code: 28803
Details
Updated on October 4, 2025 at 2:31 pm-
Property ID 4308729
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Price $6,289,400
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Garage Size x x
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Property Type Unimproved Commercial, Commercial Sale
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Property Status Active, For Sale
Additional details
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Listing Terms Cash,Other - See Remarks
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Utilities Electricity Connected,Other - See Remarks
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Sewer Public Sewer,Other - See Remarks
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County Buncombe
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Property Type Commercial Sale
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Parking Driveway,Other - See Remarks
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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- The Simpson Group Realty