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815 Emma Rd - 815 Emma Rd, Asheville, NC 28806 10.99 Acres of Commercial Land Offered at $1,800,000 in Asheville, NC 28806

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INVESTMENT HIGHLIGHTS

Incredible investment opportunity with 10.91 acres of beautifully level land with public water on-site and MSD sewer nearby (approx 1160ft).
Ideally located in West Asheville just 2 miles from the French Broad River and 3 miles from Downtown.
R-3 zoning allows for maximum density in a residential district with up to 12 units per acre

Nestled just outside the city limits and primed for development with R-3 zoning and no zoning overlays or special flood hazard areas.
Property offers sprawling, level acreage conveniently bordered by 2 roads: Emma Road (state maintained) and Snow Ridge Rd (private road)
Estate property consists of 3 pins: 9629-83-7092, 9629-93-1087, 9629-93-0353 including the original 4BR/1BA homestead house, barns and garage

EXECUTIVE SUMMARY

Family farm in popular West Asheville, last on the market in 1932, primed for development & located in one of Asheville's designated OPPORTUNTY ZONES! 10.99 acres of beautifully level land located outside the city limits with a proximity less than 5mi to DT Asheville & 2mi to the French Broad River. Endless possibilities with R-3 zoning & no zoning overlays or flood hazards. City water on-site & public sewer nearby w/MSD options identified. Property offers sprawling acreage w/mountain views, perfect for private estate, mini-farm, family compound, or maximum density development (R-3 allows for a residential district for up to 12 units per acre & a multitude of permitted uses including SF, duplexes, multi-family & more). Estate consists of 3 parcels including the original 3BR/1BA homestead, barns & garage w/bonus space above. Value IN land. Home/barns/garage sold as-is, where-is. Extensive due diligence info available for review (serious buyers)

Emma highlights2

Survey (1) (1)

Zoning Permitted use (1) (1)

GIS aerial emma (1) (1)

Deed (1)

PROPERTY FACTS Under Contract

Price	$1,800,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Mixed Use Multifamily Apartment Units Community Center General Freestanding Golf Course or Driving Range Manufactured Homes or Mobile Home Park Planned Unit Development Rehabilitation Center Religious Facility Single Family Development Warehouse Agricultural
Sale Condition	Redevelopment Project	Total Lot Size	10.99 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	R-3 - Residential

Price	$1,800,000
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Multifamily Apartment Units Community Center General Freestanding Golf Course or Driving Range Manufactured Homes or Mobile Home Park Planned Unit Development Rehabilitation Center Religious Facility Single Family Development Warehouse Agricultural
Total Lot Size	10.99 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3 - Residential

1 LOT AVAILABLE

Lot

Price	$1,800,000	Lot Size	10.99 AC
Price Per AC	$163,785.26

Price	$1,800,000
Price Per AC	$163,785.26
Lot Size	10.99 AC

10.99 acres of beautifully level land located just outside the city limits with a proximity minutes to Downtown Asheville

DESCRIPTION

ATTENTION INVESTORS! Family farm in popular West Asheville, last on the market in 1932, primed for development. 10.99 acres of beautifully level land located just outside the city limits with a proximity minutes to Downtown Asheville & 2 mi to the French Broad River. Endless possibilities with R-3 zoning & no zoning overlays or flood hazards. City water on-site & public sewer located nearby. Property offers sprawling, level acreage conveniently bordered by 2 roads: Emma Road (state maintained) and Sunridge Rd (private road). R-3 zoning allows for maximum density in a residential district for up to 12 units per acre & a multitude of permitted uses including single family, duplexes, multi-family & more (see permitted use list). Estate property consists of 3 parcels including the original 3BR/1BA homestead, barns & detached garage w/bonus space above. Potential to rehab structures, but value dedicated to the land. Home/barns/garage sold as-is, where-is.