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$6,289,400
0 Swannanoa River Road
Asheville, NC 28803
Active
1 days on market
Property Type
Commercial Sale
Year Built
—
Lot Size
—
Garage
—
About This Home
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
Interior
- Stories
- 1
Exterior & Lot
Location
- County
- Buncombe
- ZIP Code
- 28803
Financial
- Listing Terms
- Cash, Other - See Remarks
Utilities
- Utilities
- Electricity Connected, Other - See Remarks
- Sewer
- Public Sewer, Other - See Remarks
Schools
Lot Features
Flood Fringe Area, Flood Plain/Bottom Land, Green Area, Hilly, River Front, Rolling Slope, Sloped, Steep Slope, Wooded, Views
Location
Listing Information
- MLS #
- CAR4308729
- Listing Agent
- Mark Morris
- Listing Office
- NAI Allen Tate Beverly-Hanks Commercial
- Listed Date
- Mar 15, 2026
Contact Kim Schafer About This Property
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