Development Opportunity on Hazel
For Sale
$649,000
220 226 & 99999 Hazel Mill Road, Asheville, NC 28806
0.95 acres suitable for office and multifamily development.
Property SizeContact for details
Days on Market368
Property Features for 220 226 & 99999 Hazel Mill Road
General Information
Standard status
Active
Property subtype
Commercial
Amenities
Driveway
Level
Wooded
Building Details
Year Built
1986
Listing Agency:
LIKEWISE COMMERCIAL REAL ESTATE
(828) 222-3685
Listed By:
JESSICA AUGE · License #288191
Source:
Corcoran
Added: Aug 20, 2025
Changed: Aug 18
Last Checked: Aug 22 at 7:06AM
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 LIKEWISE COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
This prime development opportunity features 0.95 acres across three contiguous parcels on Hazel Mill Road in Asheville, NC. The site benefits from gentle topography and access to city water and sewer. Zoned OFFICE, RM8, and HB, the parcels are suitable for office and multifamily development. The location offers easy access to I-240 and I-26, providing quick connections to downtown Asheville and surrounding areas. Situated just off Patton Avenue, a major commercial corridor with a traffic volume of 54,000 vehicles per day, the property has excellent potential for visibility from Patton Avenue. The surrounding area includes Ingles Markets, Sam’s Club, Chipotle, Walgreens, and multiple retail, dining, and service establishments. Located within an Opportunity Zone, buyers may be eligible for tax benefits. The home on the property is currently occupied; please do not disturb the tenants.
Key Highlights
- Prime development opportunity with 0.95 acres across 3 contiguous parcels.
- Zoned OFFICE, RM8, and HB, suitable for office and multifamily development.
- Located in an Opportunity Zone, potentially offering tax benefits.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.95 acres suitable for office and multifamily development.
Where is this commercial land located?
The property is located at 220 226 & 99999 Hazel Mill Road Asheville, NC.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Prime development opportunity with 0.95 acres across 3 contiguous parcels.; Zoned OFFICE, RM8, and HB, suitable for office and multifamily development.; Located in an Opportunity Zone, potentially offering tax benefits.
