0 Beds

n/a Full bath

n/a SqFt


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.