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    2236 Us 70 Hwy Swannanoa, NC 28778

    For Sale
    $1,000,000

    Two-acre property suitable for affordable housing development near Asheville.

    Property size:
    2 SF
    Lot size:
    2.29 Acres

    Property Features for 2236 Us 70 Hwy

    General Information

    Size
    2 SF
    Lot size
    2.29 Acres

    Building Details

    Year built
    1940

    Source: James Morgan Agent James Morgan

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

    Overview

    Swannanoa Acreage Near Asheville

    This approximately two-acre property is located in Swannanoa, North Carolina, and is situated approximately 15-20 minutes from downtown Asheville. The site is located outside the city limits of Asheville and is near two recent multifamily developments with 60 and 95 units respectively. It is considered a potential site for affordable housing development. The property is located approximately one mile from I-40, which has an Annual Average Daily Traffic (AADT) of approximately 50,000, and approximately 10 minutes from the VA hospital, the Blue Ridge Parkway, and the John B Lewis soccer fields. This section of US 70 has an AADT of approximately 11,000. A sewer line runs along a small stream in front of the two houses located on the property. The houses have month-to-month tenants, according to the owner, but no value is placed on the houses. There is a sewer easement along Franklin Rd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    -82.410514
    Latitude
    35.599173

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    FAQs

    What type of property is this?
    Land - Two-acre property suitable for affordable housing development near Asheville.
    Where is this land located?
    The property is located at 2236 Us 70 Hwy Swannanoa, NC.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Potential affordable housing development site.; - Sewer line available along the property.; - Located near two recent multifamily developments.
    (828) 365-8855
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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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