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Investment Highlights

  • 2020 Construction With High Valuation
  • Long-term Redevelopment Potential
  • Exceptional Location Within Western North Carolina

Executive Summary

An exceptional opportunity to acquire a premier destination property with high and long-term valuation..
This commercial opportunity presents ±23,540 SF on 16.67 acres in the heart of the Asheville–Hendersonville growth corridor, just minutes from Interstate 26 and the airport. Purpose-built in 2020 and rated in excellent condition, this modern two-story facility offers abundant parking and expansive outdoor space, providing flexibility for recreational, hospitality, event, institutional, or adaptive commercial uses, as well as room for expansion and complementary development.
The property sits within the Fletcher submarket, one of Western North Carolina's fastest-growing areas, where strong industrial, commercial, and residential growth is fueled by major employers, an expanding population, rising household incomes, and proximity to regional employment centers. This combination of quality construction, strategic accessibility, and long-term redevelopment potential makes the asset well-suited for owner-users, recreational operators, institutional buyers, or investors pursuing adaptive commercial reuse.
An independent valuation concluded an "As Is" market value of $7.8 million,
underscoring the property's institutional quality and its significance as a
one-of-a-kind asset in a high-growth market.
Location Description:
Strategically located in Fletcher, North Carolina, between Asheville and Hendersonville, the property offers exceptional accessibility within one of Western North Carolina's fastest-growing commercial corridors. Situated just minutes from Interstate 26, Asheville Regional Airport, and major employment centers, the location provides convenient access to regional transportation networks while benefiting from strong population growth, expanding residential communities, and continued commercial investment. Surrounded by nationally recognized employers, retail destinations, and industrial developments, the property is ideally positioned to serve local, regional, and destination users throughout the Southeast.

Property Facts

Price $7,800,000
Price Per SF $331.35
Sale Type Investment or Owner User
Property Type Specialty
Lot Size 16.67 AC
Building Size 23,540 SF
No. Stories 2
Year Built 2020
Parking Ratio 6.63/1,000 SF
Zoning MR-LI - Mills River Light Industrial
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
  • Listing ID: 41961644

  • Date on Market: 9/1/2026

  • Last Updated:

  • Address: 701 Old Fanning Bridge Rd, Fletcher, NC 28732

Contact the Sale Advisor

701 Old Fanning Bridge Rd - 701 Old Fanning Bridge Road, Fletcher, NC 287

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