Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    174 Walter Ashe Rd Sylva, NC 28779

    Sponsored
    For Sale
    $949,000

    Prime Commercial Development Opportunity in Sylva, NC

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 9.5-acre commercial property presents a unique investment or development opportunity in Sylva, North Carolina. Strategically located near NC 107, this site boasts high visibility and convenient access via a traffic light, ensuring excellent exposure for any commercial venture. An independent appraisal conducted in January 2023 valued the property at $1,080,000, highlighting its significant potential. The property is already engineered and graded, with plans in place for a balanced development, eliminating the need for extensive earthwork. These plans include the potential for 108 apartment units, making it an attractive option for multi-family housing development. However, the site's versatility extends beyond residential, making it equally suitable for a wide range of commercial uses. Consideration could be given to restaurants, grocery stores, auto dealerships, office complexes, medical facilities, or retail establishments. The ongoing improvements to NC 107 are driving significant relocation activity, creating an even greater demand for commercial space in this area. Water and sewer services are readily available, further enhancing the property's appeal and streamlining the development process. This is a rare chance to acquire a fully prepared site with exceptional location and access, ready for immediate development. The asking price is $949,000.

    Property Features for 174 Walter Ashe Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    413,820 SF

    Building Details

    Year Built
    1961
    Property Profile Location Intelligence

    Current Use by Public Records

    Stillwell Enterprises Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylva
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.20689
    Latitude
    35.36822

    Nearby Similar for Sale

    • New
      $359,000
      1,137 SF

      Farmhouse Cottage with Mountain Views

      Charming farmhouse cottage near downtown Sylva with mountain views.
      471 Claude Cook Rd, Sylva, NC 28779
      View Details
    • $399,000
      2,083 SF

      Charming Home with Private Setting

      In-town living with privacy, close to shops and amenities.
      41 Kings Creek Dr, Sylva, NC 28779
      View Details
    • $1,650,000
      13,000 SF

      Versatile Downtown Sylva Commercial Building

      13,000 sq.ft. building with parking and creek frontage.
      456 W Main St, Sylva, NC 28789
      View Details
    • $879,000
      Pending

      Updated Home with Creek Frontage

      Updated 3-bedroom home on 2.55 acres with bold creek frontage.
      214 Chin Tree Rd, Sylva, NC 28779
      View Details
    • New
      $359,000
      9.91 Acres

      Farmhouse Cottage with Mountain Views

      Charming farmhouse with accessory dwelling unit and mountain views.
      471 Claude Cook Rd, Sylva, NC 28779
      View Details
    • $715,000
      0.74 Acres

      Charming Farmhouse in Webster Heart

      Storybook setting, versatile spaces, chef's kitchen, convenient location.
      180 Paw Paw Cv, Sylva, NC 28779
      View Details
    • New
      $959,000
      1.67 Acres

      Riverfront Property with Development Potential

      1.67-acre riverfront property suitable for various commercial and residential uses.
      522 North River Rd, Sylva, NC 28779
      View Details
    • $359,000
      0.88 Acres

      Charming 1950s Farmhouse Retreat

      Lovingly maintained farmhouse with modern updates on a peaceful lot.
      745 Perley Hyatt Rd, Sylva, NC 28779
      View Details
    • $494,000
      2,100 SF

      Updated Home with Creek Sounds

      Updated home on private lot with creek sounds near downtown.
      125 Nugget Ln, Sylva, NC 28779
      View Details
    • $445,000
      0.61 Acres

      Furnished Mountain Home Near WCU

      Custom-built mountain home perfect for residence, retreat, or rental.
      79 Slumber Ln, Sylva, NC 28779
      View Details
    • $2,500,000
      1.46 Acres

      Prime Retail Site in Sylva

      Highly visible retail property on 1.46 acres with city utilities.
      30 Main St, Sylva, NC 28779
      View Details
    • $850,000
      Pending

      Riverfront Mobile Home Park Opportunity

      Riverfront mobile home park with multiple income streams in Sylva.
      393 Riverbend Rd, Sylva, NC 28779
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Development Opportunity in Sylva, NC
    Where is this commercial real estate located?
    The property is located at 174 Walter Ashe Rd Sylva, NC.
    What is the asking price?
    The asking price for this property is $949,000.
    (828) 488-5777
    Request Owner's contact information
    174 Walter Ashe Rd Sylva, NC 28779
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    174 Walter Ashe Rd
    Sylva, NC 28779
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    174 Walter Ashe Rd Sylva, NC 28779
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.