18
  • Property Type
  • Unimproved Commercial, Land

99999 State Street, Asheville, North Carolina 28801

  • $2,400,000

Description

Introducing a rare 10.61-acre development opportunity in the heart of West Asheville—ideally suited for affordable and workforce housing in one of the region’s most supply-constrained and high-demand submarkets. Located within walking distance of Carrier Park, the Wilma Dykeman Greenway—offering direct access to the River Arts District— as well as essential services, transit corridors, and neighborhood amenities along Haywood Road. This site offers the connectivity and livability critical to successful affordable housing communities. As one of the largest remaining undeveloped tracts in West Asheville, the property offers a unique opportunity to deliver much-needed housing at scale in an area where attainable options are increasingly limited. Conditionally Zoned RM-16 (CZ 08-51-010), the site is entitled under Conditional Zoning Ordinance #3682 (City of Asheville, 2008), allowing for up to 140 multifamily units. Existing entitlements and a prior site plan provide a meaningful head start, helping reduce entitlement risk and accelerate development timelines—key advantages for projects utilizing LIHTC or other funding sources. The site’s natural features, including a small creek and generous open space, create opportunities to incorporate green space, pedestrian connectivity, and community-oriented design elements that enhance resident well-being while aligning with modern affordable housing standards. Comprised of seven contiguous parcels, the property offers multiple access points via State Street, Short Michigan Avenue, and Amboy Road, allowing for flexible site planning and phased development. All major utilities are available at the site, enabling efficient, cost-effective construction. With sustained demand for affordable housing, strong municipal support for attainable development, and limited land availability in West Asheville, this offering presents a compelling opportunity for developers, housing authorities, and mission-driven investors to create a high-impact community while leveraging existing entitlements and infrastructure to accelerate execution. Please contact Listing Agent for all showings. Also listed at MLS# 4368284

  • Address: 99999 State Street
  • City: Asheville
  • State/county: NC
  • Zip/Postal Code: 28801

Details

Updated on April 27, 2026 at 3:46 pm
  • Property ID 4370709
  • Price $2,400,000
  • Property Type Unimproved Commercial, Land
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash, Conventional
  • Sewer Public Sewer
  • County Buncombe
  • Property Type Land
  • Elementary School Unspecified
  • Middle School Unspecified
  • High School Unspecified

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The Simpson Group Realty
  • The Simpson Group Realty

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