0 Beds
n/a Full bath
n/a SqFt
ActiveUnderContract
125,000sf warehouse building on 17.4 acres, with land approved for additional development. Prime location - There is no comparable site in greater Asheville. Compelling opportunity for a value-add buyer to hold the asset until the below market lease expires ($222,000 NOI for 3 years), then re-tenant at $7+ psf. Future $875,000 NNN income = $13M value (at 6.5% cap). Surplus Land Value is an additional $2M+. Approvals granted to build 93,000sf of additional warehouse/ or could support 100 multifamily units. Detailed site plans are available. Building details: - Warehouse area 1- 20,000sf: 26' clear with 4 docks - Warehouse area 2 - 37,000sf: 17' clear with 2 docks - Production area - 58,000sf: 13' clear/ perimeter windows - 6,000sf office space - new TPO roof 15 year warranty remains - clean Phase 1
Property Details | ||
|---|---|---|
| Price | $9,500,000 | |
| Lot Size Area | 17.37 | |
| Lot Size Area Units | Acres | |
| Property Type | Commercial | |
| Sub type | Industrial | |
| MLS Sub type | Industrial | |
| Year Built | 1967 | |
| Roof | Rubber | |
| Heating | Natural Gas | |
| Foundation | Slab | |
| Accessibility | Two or More Access Exits | |
Geographic Data | ||
| County | Buncombe | |
| Latitude | 35.465221 | |
| Longitude | -82.522395 | |
Address Information | ||
| Address | 94 Glenn Bridge Road, Arden, NC 28704 | |
| Postal Code | 28704 | |
| City | Arden | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Pulliam Properties, Inc | |
| Listing Office Phone | 828-684-4344 | |
| Listing Agent | Steven Shepard | |
| Listing Agent Phone | 828-606-2987 | |
| Special listing conditions | None | |
MLS Information | ||
| Days on market | 59 | |
| MLS Status | ActiveUnderContract | |
| Listing Date | Feb 6, 2023 | |
| Listing Last Modified | Apr 6, 2023 | |
| Tax ID | 9654-12-3895-00000 | |
| MLS # | CAR4000528 | |
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This information is believed to be accurate, but without any warranty.
