0 Swannanoa River RD Active Save Request In-Person Tour Request Virtual Tour
Asheville,NC 28803
Key Details
Property Type Commercial
Sub Type Unimproved Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4308729
Lot Size 10.063 Acres
Acres 10.063
Property Sub-Type Unimproved Commercial
Property Description
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!
Location
State NC
County Buncombe
Zoning RM8,RIV, UP
Interior
Inclusions Building,Land
Exterior
Fence Partial
Utilities Available Electricity Connected,Other - See Remarks
View City,Long Range,Mountain(s)
Street Surface Paved
Building
Lot Description Flood Fringe Area,Flood Plain/Bottom Land,Green Area,Hilly,River Front,Rolling Slope,Sloped,Steep Slope,Wooded,Views
Sewer Public Sewer,Other - See Remarks
Water City,Public,Other - See Remarks
New Construction false
Others
Senior Community false
Restrictions No Representation,Use,Other - See Remarks
Acceptable Financing Cash,Other - See Remarks
Listing Terms Cash,Other - See Remarks
Special Listing Condition Fractional Ownership