2236 US 70 Hwy - Retail FOR SALE


Swannanoa, NC 28778
$1,100,000 USD
704-617-1252
2236 US 70 Hwy, Swannanoa, NC for Sale
$1,100,000 USD
Retail - FOR SALE
1/20
null | Request Cap Rate

2236 US 70 Hwy
Swannanoa, NC 28778


HIGHLIGHTS

  • Corner lot
  • Limited amount of steep slope on the property
  • Close proximity to a bus stop

OVERVIEW

+/- 2.29 acre property nearby two recent (60, 95 units) multifamily developments in Swannanoa, NC. Property is located 15-20 minutes from downtown Asheville. This potential affordable housing development site is located outside the city limits of Asheville. Sewer line runs along small stream in front of the two houses. No value placed on houses. Houses have month to month tenants according to the owner. Property is +/- 1 mile from I-40 (AADT of +/- 50,000) and +/- 10 minutes from the VA hospital, the Blue Ridge Parkway and John B Lewis soccer fields. This section of US 70 has AADT of +/- 11,000. Please note that the property has a sewer easement along Franklin Rd.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Garden Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

CS

APN/PARCEL ID

9689-50-9348-00000

ASK ABOUT THIS PROPERTY

James MorganNAI Beverly-HanksMore Info
704-617-1252

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James MorganNAI Beverly-HanksMore Info
704-617-1252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.