0 Swannanoa River Road
0 Swannanoa River Road
Asheville, NC 28803
$6,289,400
- Lot Size: 10.063 Acres
Description
Look Close! This 10.063 acres across seven parcels held under multiple entity ownerships offers the potential for acquisition and redevelopment for multifamily use– affordable, work force, market rate, LIHTC– you decide. Singularly, each ownership segment presents challenges relative to: FEMA’s 50% rule, slope, floodplain and floodway ordinances. Combined, with calculated thought, the door to opportunity is opened for multifamily redevelopment by shifting proposed buildout to the middle of all the conjoined land & taking advantage of the UP, RM8 & RIV zoning (or conditional use rezoning) blending all land tracts under a single use concept! Combined, some development hurdles are potentially mitigated. Resources, grants and low interest loans are potentially available to make this post disaster land opp the rising phoenix! Buyer to conduct all due diligence; by appointment only, buildings occupied– do NOT ride on property; agent must accompany!
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | Unimproved Commercial |
| Lot Size : | 10.063 Acres |
Property Features
- Flood Fringe Area
- Flood Plain/Bottom Land
- Green Area
- Hilly
- River Front
- Rolling Slope
- Sloped
- Steep Slope
- Wooded
- Views
Views
- City
- Long Range
- Mountain(s)
More Information
- Parking : Driveway, Other - See Remarks
- Water Source : City, Public, Other - See Remarks
- Road : Publicly Maintained Road
- Listing Terms : Cash, Other - See Remarks
- Possible Use : Commercial, Development
Based on information submitted to the MLS GRID as of 10-03-2025 20:40:05 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.