







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 |
Map View
This information is believed to be accurate, but without any warranty.