Listing by: Mark Morris, NAI Allen Tate Beverly-Hanks Commercial, markmorris@naibeverly-hanks.com
0 Beds
n/a Full bath
n/aSqFt
Active
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!
Property Details | ||
|---|---|---|
| Price | $6,289,400 | |
| Lot Size Area | 10.063 | |
| Lot Size Area Units | Acres | |
| Property Type | Commercial | |
| MLS Sub type | Unimproved Commercial | |
| Stories | 1 | |
| View | City, Long Range, Mountain(s) | |
| Lot Description | Flood Fringe Area, Flood Plain/Bottom Land, Green Area, Hilly, River Front, Rolling Slope, Sloped, Steep Slope, Wooded, Views | |
| Parking Description | Driveway, Other - See Remarks | |
Geographic Data | ||
| Directions | From downtown Asheville, follow Biltmore Avenue to left on Swannanoa River Rd; follow SRR to the corner of Caledonia; property stretches alongside the Caledonia & SRR intersection (immediately west of the Tobacco Barn) to Bryson Rd and includes 10.063 acs & multiple buildings. | |
| County | Buncombe | |
| Latitude | 35.569297 | |
| Longitude | -82.544315 | |
Address Information | ||
| Address | 0 Swannanoa River Road, Asheville, NC 28803 | |
| Postal Code | 28803 | |
| City | Asheville | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | NAI Allen Tate Beverly-Hanks Commercial | |
| Listing Office Phone | 828-210-3940 | |
| Listing Agent | Mark Morris | |
| Listing Agent Phone | 828-674-4350 | |
| Attribution Contact | markmorris@naibeverly-hanks.com | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Fractional Ownership | |
| Terms | Cash, Other - See Remarks | |
MLS Information | ||
| Days on market | 1 | |
| MLS Status | Active | |
| Listing Date | Oct 3, 2025 | |
| Listing Last Modified | Oct 4, 2025 | |
| Tax ID | 9648-71-3307-00000 | |
| MLS # | CAR4308729 | |
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 2025-10-26T08:08:04.95142Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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