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2236 US 70 Hwy 3,496 SF 100% Leased Retail Building Swannanoa, NC 28778 $1,000,000 ($286.04/SF)
Investment Highlights
- Corner lot
- Close proximity to a bus stop
- Limited amount of steep slope on the property
Executive Summary
+/- 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.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
3,496 SF
Building Class
B
Year Built
1940
Price
$1,000,000
Price Per SF
$286.04
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
2.29 AC
Zoning
CS - Commercial
Parking
12 Spaces (3.43 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 9689-50-9348-00000 | Improvements Assessment | $279,100 |
| Land Assessment | $299,300 | Total Assessment | $578,400 |
Property Taxes
Parcel Number
9689-50-9348-00000
Land Assessment
$299,300
Improvements Assessment
$279,100
Total Assessment
$578,400
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2236 US 70 Hwy
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