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880 N Main St
Marion, NC 28752
Multi-family zoned land near Asheville, NC · Land For Sale
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24.83 AC
Investment Highlights
- Located in Western North Carolina's county with the greatest housing deficit according to a 2021 independent housing study
- Outstanding opportunity to utilize state affordable housing credits
- Friendly permitting and approval process
- One mile from bustling downtown county seat and just south of Lake James
- Long state highway frontage with potential to add additional parcels
Property Facts
| Property Type | Land | Proposed Use | |
| Property Subtype | Commercial | Total Lot Size | 24.83 AC |
| Zoning | MultiFamily - Mixture of R-4 Multi-family (20 units per acre), commercial, and rural | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 24.83 AC |
| Zoning | MultiFamily - Mixture of R-4 Multi-family (20 units per acre), commercial, and rural |
Description
This multi-family residential development opportunity is currently zoned R4 - 20 units/acre. A recent study found county HH incomes are to rise 21% by 2025 with 55% of new housing demand coming from seniors. The county housing supply deficit is among the Western North Carolina's highest, especially between $300k-$400k. This property has access to Marion city water and sewer. This would an ideal development site for developers utilizing affordable housing tax credits. Listing broker can provide examples of rents and other projects nearby. See map with listing of nearby grocery stores, new hospital, and community college.
Property Taxes
| Parcel Numbers | Improvements Assessment | $78,240 | |
| Land Assessment | $591,000 | Total Assessment | $669,240 |
Property Taxes
Parcel Numbers
Land Assessment
$591,000
Improvements Assessment
$78,240
Total Assessment
$669,240
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