Residential Land Subdivision
For Sale
$1,325,000
Pending
548 Caribou Road, Asheville, NC 28803
10 acres in the city with subdivision potential.
Property SizeContact for details
Lot Size10.00 Acres
Days on Market1985
Property Features for 548 Caribou Road
General Information
Standard status
Pending
Lot size
10.00 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1962
Listing Agency:
NAI Allen Tate Beverly-Hanks Commercial
(828) 674-4350
Listed By:
Mark Morris · License #C27053
(828) 674-4350
Source:
Exitrealty
Added: Mar 9, 2021
Changed: Aug 8
Last Checked: Aug 8 at 5:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Allen Tate Beverly-Hanks Commercial
Investment Insights
Based on property information with market context.
This 10-acre residential land parcel is located within the city limits and offers potential for development. The current zoning allows for a potential 49-lot subdivision by right. The owner is pursuing a Conditional Use (CU) rezoning with the aim of increasing the density of the site. The property benefits from three points of access via three private, dead-end streets. Public utilities are available at or near the site in multiple locations. The property is suitable for building a lifestyle-oriented community with affordable or modest homes. Major subdivision and potential rezoning require a Level 3 review by the City. The status of any rezoning effort underway by the seller is to be documented in writing prior to any offer submission. The seller will cooperate with rezoning efforts depending on the timing at the point of sale.
Key Highlights
- 10 acres within city limits
- Potential for 49‑lot subdivision by right under current zoning
- Public utilities readily available at or near the site
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 28803, NC
34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 10 acres in the city with subdivision potential.
Where is this residential land & home lot located?
The property is located at 548 Caribou Road Asheville, NC.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 10 acres within city limits; Potential for 49‑lot subdivision by right under current zoning; Public utilities readily available at or near the site
