INNOVATE Real Estate
96,000 Square Feet - Ready To Build - Proposed Property Layout - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
RM6 - Public Water / Sewer - Ready for Development - Asheville
13 photos

$2,500,000

Asheville, NC 28806
Listed by Mike Zboyovski · Ivester Jackson Blackstream
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Prime West Asheville Development Opportunity! This 5.94-acre parcel is zoned RM6 and offers outstanding potential for multi-family development. A completed feasibility study by engineering firm confirms plans on file for eight buildings totaling approximately 96,000 square feet to be built. With over 700 feet of paved road frontage and access to city water, city sewer, and natural gas, the property is well-positioned for immediate development. Currently improved with two tenant-occupied residential homes. Please no drive-bys—do not disturb the tenants. Rare opportunity to invest in one of Asheville’s most desirable and fast-growing locations!

Property details

MLS #
CAR4196903
Property type
Acreage
Subdivision
None
Status
Active
Days on market
315
On market date
February 19, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Johnston Elementary
0.22 mi away · Grades 0-4
Zoned school (attendance boundary, 2015-16 data)
2.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
206
Student:teacher ratio
11.4:1
District
Buncombe County Schools
Middle
Eblen Intermediate
2.2 mi away · Grades 5-6
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
593
Student:teacher ratio
14.1:1
District
Buncombe County Schools
High
Early College
3.57 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
278
Student:teacher ratio
25.3:1
District
Buncombe County Schools

Walkability

Blended score for Asheville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

74
Walkable
out of 100
EPA National Walkability Index
12.0 / 20 -- Above average walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores7
Parks2
Schools9
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Asheville, from live MLS data.

On the market 315 days -- 188 more days than Asheville's current average of 127 days.
For reference, the median list price across 1,243 active listings in Asheville right now is $505,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$15,205/mo
$500,000 down
$2,000,000 loan
Principal & interest$12,972
Property tax (est.)$2,083
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated January 1, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.