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    Swannanoa River Rd Asheville, NC 28803

    For Sale
    $6,289,400

    10.063 acres suitable for multifamily redevelopment in Asheville, NC.

    Property size:
    10 SF
    Lot size:
    10.06 Acres

    Property Features for Swannanoa River Rd

    General Information

    Size
    10 SF
    Lot size
    10.06 Acres

    Source: Mark Morris, CCIM Agent Mark Morris, CCIM

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

    Overview

    Multifamily Redevelopment Land Opportunity

    This 10.063-acre property, comprised of seven parcels held under multiple entity ownerships, presents an opportunity for acquisition and redevelopment for multifamily use, including affordable, workforce, and market-rate housing. The property is zoned UP, RM8, and RIV, offering the potential for multifamily redevelopment by shifting the proposed buildout to the middle of the conjoined land and blending all land tracts under a single-use concept. The combined parcels may mitigate some development hurdles. Resources, grants, and low-interest loans may be available. The property is located in Asheville, NC. The buyer is responsible for conducting all due diligence. Buildings are occupied, and all showings are by appointment only with agent accompaniment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.543911
    Latitude
    35.569307

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    FAQs

    What type of property is this?
    Land - 10.063 acres suitable for multifamily redevelopment in Asheville, NC.
    Where is this land located?
    The property is located at Swannanoa River Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $6,289,400.
    What are key features of this property?
    This property features: - 10.063 acres across seven parcels offer significant redevelopment potential for multifamily use.; - UP, RM8 & RIV zoning allows for blending all land tracts under a single use concept.; - Combining the parcels potentially mitigates individual development hurdles.
    (828) 674-4350
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    Swannanoa River Rd Asheville, NC 28803
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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
    Swannanoa River Rd Asheville, NC 28803
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