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    2236 Us 70 Hwy Swannanoa, NC 28778

    For Sale
    $1,100,000

    High-traffic location, development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 2.29-acre commercial property in Swannanoa, NC, presents a compelling investment opportunity. Strategically located on US Highway 70, it boasts high visibility and accessibility, with an average daily traffic count of approximately 11,000 vehicles. Its proximity to Interstate 40 (AADT of approximately 50,000) further enhances its appeal. The site is situated just 10-15 minutes from downtown Asheville, offering easy access to a vibrant urban center. The property is also conveniently located within a 10-minute radius of the VA hospital, the scenic Blue Ridge Parkway, and the John B Lewis soccer fields. Two recently constructed multifamily developments (60 and 95 units) are located nearby, indicating strong demand in the area. This makes the property particularly suitable for affordable housing development. While two existing houses are on the property, their value is not included in the asking price and they currently have month-to-month tenants. A sewer line runs along a nearby stream. Please note that a sewer easement exists along Franklin Road. This property offers significant potential for developers and investors seeking a prime location with excellent infrastructure and high traffic volume. The asking price is $1,100,000.

    Property Features for 2236 Us 70 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    99,752 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Swannanoa
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.41219
    Latitude
    35.59905

    Nearby Comparable

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, development potential.
    Where is this commercial real estate located?
    The property is located at 2236 Us 70 Hwy Swannanoa, NC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (828) 210-3940
    Request Owner's contact information
    2236 Us 70 Hwy Swannanoa, NC 28778
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2236 Us 70 Hwy Swannanoa, NC 28778
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