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    77 Hansel Ave Asheville, NC 28806

    For Sale
    $2,375,000

    City approved 38-unit townhome development site in Asheville's Opportunity Zone.

    Property Features for 77 Hansel Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1944

    Source: PULLIAM PROPERTIES, INC Agent JAMES WILSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Asheville Development Site For Sale

    This property is a city-approved development site in Asheville, zoned RB, and entitled for 38 townhome units. The site is located in an Opportunity Zone, near shopping and retail on Patton Avenue, and offers convenient access to I-26 and I-240. It is situated beside Sam's Club and in front of the Crown Plaza, providing a walkable location. The property is an excellent infill site close to downtown and adjacent to the Adventure Center of Asheville. Development Plan, Conceptual Plans and Architectural Plans are included in the sale, making it suitable for build-to-rent or for-sale projects.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5837101
    Latitude
    35.5919119

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    FAQs

    What type of property is this?
    Residential land & home lot - City approved 38-unit townhome development site in Asheville's Opportunity Zone.
    Where is this residential land & home lot located?
    The property is located at 77 Hansel Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $2,375,000.
    What are key features of this property?
    This property features: - City Approved Entitled 38-Unit Townhome Site: Ready for immediate development.; - Excellent Infill Site Close to Downtown Asheville: A highly desirable location.; - Located in an Opportunity Zone: Explore potential tax benefits.
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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
    77 Hansel Ave Asheville, NC 28806
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