9 Reed St - Commercial LAND FOR SALE


Asheville, NC 28803- Biltmore103,237 SF
$3,600,000 USD
828-674-4350
9 Reed St, Asheville, NC for Sale
$3,600,000 USD
Commercial LAND - FOR SALE
1/16
103,237 SF

9 Reed St
Asheville, NC 28803
Biltmore


OVERVIEW

Excuse the Mess, But Don’t Miss the Opportunity! Beyond all doubt - Biltmore Village will emerge stronger and more vibrant than it has ever been! Look close - this diamond-in-the-rough industrial property presents the rarest of post Helene redevelopment opportunities: hospitality (blue zone), adjacent historic Biltmore Village District but not in the District, floodplain/floodway yes, ravaged yes, but ready for a fresh start under the 50% rule atop a ~45,000 SF building footprint! Explore surface parking to minimize ground penetration and rise-above parking with engineered columns as means to maximize the 2.34 acre horizontal plane. Railroad theme... possibly - a nod to history and George Vanderbilt’s vision that helped build this region and country. Truly a hub for top-tier retail, hospitality, and lifestyle – everything is walkable in Biltmore Village! If you seek excellence, this location undoubtedly calls out for the finest in hospitality or select mix-use redevelopment. Two questions to ask: What is freeboard and, what would George Vanderbilt do? [1] Freeboard refers to the minimum height above the BFE that a structure must be built to avoid floodwaters. It's essentially a safety margin to ensure the development isn't vulnerable to flooding during a 100-year flood event and is an important consideration for floodplain or floodway development. [2] George Washington Vanderbilt II, the original developer of the Biltmore Estate, was known for his visionary, long-term approach to creating a place that combined natural beauty, architecture, and innovation. If he were involved in this redevelopment, he might prioritize sustainability, elegance, and a deep connection with the surrounding environment and culture. He may also seek to preserve the character of the area while introducing modern touches. Hospitality would likely be a key focus—creating a space that blends seamlessly into the historic fabric of Biltmore Village - thoughtful and eco-conscious. Look close- this diamond-in-the-rough property presents the rarest of post Helene redevelopment opportunities: hospitality blue zone, adjacent historic Biltmore Village but not in the District, floodplain/floodway yes, ravaged yes, but ready for build-up (50% rule) atop a ~45,000 building footprint or simply, start fresh! All things walkable in this retail/hospitality/life centric location include: upscale fashion retail, Ruth’s Chris, a Grand Bohemian Autograph hotel w/ expansion underway, Home2 Hilton Suites & not least, blocks from the world acclaimed Biltmore House & Gardens! This location calls out for excellence in hospitality or mix-use redevelopment! Showings by appointment only!

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/ACRE

$1,518,990/AC

PRICE/SF

$35 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Hospitality, Storefront Retail/Office

LAND ACRES

2.37 AC

LAND SF

103,237 SF

OFFSITE IMPROVEMENTS

Sewer, Water

ZONING

RIV

APN/PARCEL ID

964870320400000

ASK ABOUT THIS PROPERTY

Mark MorrisNAI Beverly-HanksMore Info
828-674-4350

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Mark MorrisNAI Beverly-HanksMore Info
828-674-4350

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