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16 photos

$6,289,400

Asheville, NC 28803
Listed by Mark Morris · NAI Beverly-Hanks
Bedrooms
N/A
Bathrooms
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Living area
N/A
Year built
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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

MLS #
CAR4308729
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
1
On market date
N/A
Stories
1
Garage spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Oakley Elementary
1.83 mi away · Grades 0-5
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
447
Student:teacher ratio
13.5:1
District
Buncombe County Schools
Middle
Reynolds Middle
4.01 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
523
Student:teacher ratio
14.5:1
District
Buncombe County Schools
High
Early College
0.67 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

Mortgage calculator

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Est. monthly payment
$38,026/mo
$1,257,880 down
$5,031,520 loan
Principal & interest$32,634
Property tax (est.)$5,241
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated October 4, 2025.

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.