203 Martin Rd
Swannanoa, NC 28778
Multi-Family, Residential Development Options · Land For Sale · 4.50 AC

Welcome to 203 Martin Road—4.5 acres of flat, level land in the heart of growing Swannanoa, North Carolina. Gorgeous property with incredible connectivity and development potential. On the market for the first time in generations. Located in the heart of growing Swannanoa, NC, 203 Martin Road is approximately 11 miles from Downtown Asheville (15-minute drive) and 5.5 miles from Downtown Black Mountain (10-minute drive). All of this is easily accessible with I-40 Exit 59 being located only 1 mile from the property's connection to US Highway 70 (traffic count of 13,000 vehicles per day). Scenic mountain views are available to the east, north, and west. Rectangular lot shape allows for various configurations of multifamily or residential development. Topography is flat in every direction. R-3 zoning allows Level 1 Planned Unit Developments per approval from the Buncombe County Board of Adjustments (the BOA recently approved a 60-unit senior living development on the adjacent 1.8-acre property). Water, electric, and sewer utility are on site (the sewer is on a 4' line). Located in the "path of progress," the property is directly adjacent to the Villas at Swannanoa, a 60-unit senior living development constructed in 2022. Across US HWY 70 is the East Haven Apartments, a 95-unit development completed in 2019 which is situated at a City of Asheville bus stop. The property offers convenience and immediate proximity to essential services, grocery stores, restaurants, manufacturers, and schools (WD Williams, Community High School, Asheville Christian Academy, and Warren Wilson College). A 985-square-foot home (built in 1949) and a mobile home are onsite with month-to-month leases. No value is placed on the structures. Property is available on an "as-is" basis.