Residential Land Subdivision
For Sale
$1,325,000
Pending
548 Caribou Road, Asheville, NC 28803
10 acres with subdivision potential in Asheville, North Carolina.
Property SizeContact for details
Lot Size10.00 Acres
Days on Market1026
Property Features for 548 Caribou Road
General Information
Standard status
Pending
Lot size
10.00 Acres
Property subtype
Commercial/Industrial
Listing Agency:
NAI Allen Tate Beverly-Hanks Commercial
(828) 674-4350
Listed By:
Mark Morris · License #C27053
(828) 674-4350
Source:
Exitrealty
Added: Oct 25, 2023
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
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 property, located within the city limits, presents a potential for residential development. The current zoning allows for a potential 49-lot subdivision by right. The owner is pursuing a conditional use rezoning to potentially increase the density of the site. The property benefits from three points of access, including two from private dead-end streets. Public utilities are located at or near the site in multiple locations. The property is suited 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 timing at the point of sale. The property is located at 548 Caribou Road, Asheville, NC 28803.
Key Highlights
- 10 acres within city limits
- Potential for a 49‑lot subdivision by right under current zoning
- Public utilities are 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 with subdivision potential in Asheville, North Carolina.
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 a 49‑lot subdivision by right under current zoning; Public utilities are readily available at or near the site
