Riverfront Commercial
For Sale
$2,200,000
388 Riverside Drive, Asheville, NC 28801
Commercial Sale, Asheville, NC
Property SizeContact for details
Lot Size2.29 Acres
Days on Market92
Property Features for 388 Riverside Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RAD-RIV
Zoning description
RAD-RIV
Lot features
Cleared, Flood Plain/ Bottom Land, Level, River Front
View
City, Water
Directions
370, 388 and 420 Riverside Drive Asheville, NC. GPS is accurate.
Standard status
Active
APN
9638-89-2921-00000
Lot size
2.29 Acres
Taxes and HOA fees
Tax Description
2.29 acres Deed 2292/110
Legal Description
2.29 acres Deed 2292/110
Listing Agency:
Ivester Jackson Blackstream
(828) 367-9001
Listed By:
Amy Spivey · License #217247
(828) 506-7137
Added: Jul 6
Changed: Sep 12
Last Checked: Oct 5 at 4:06AM
MLS# 4396739
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2.29-acre commercial land offering includes an existing structure and a current permit for rebuilding a restaurant. The property has direct French Broad River frontage and is positioned along Riverside Drive, with the greenway immediately adjacent. RAD-RIV zoning supports commercial redevelopment, while the permitted restaurant work provides an established path for continued restaurant use or a broader repositioning of the site.
The property sits within Asheville’s River Arts District and benefits from exposure to Riverside Drive, river access, and greenway connectivity. Its setting is suited to a project incorporating restaurant, hospitality, event, retail, office, outdoor recreation, or mixed-use elements, subject to applicable approvals. The site is also near downtown Asheville, breweries, galleries, dining, lodging, and other River Arts District amenities.
The property sits within Asheville’s River Arts District and benefits from exposure to Riverside Drive, river access, and greenway connectivity. Its setting is suited to a project incorporating restaurant, hospitality, event, retail, office, outdoor recreation, or mixed-use elements, subject to applicable approvals. The site is also near downtown Asheville, breweries, galleries, dining, lodging, and other River Arts District amenities.
Key Highlights
- 2.29‑acre commercial land parcel with direct French Broad River frontage
- Current permit supports rebuilding a restaurant structure on the property
- RAD‑RIV zoning
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Groceries 27%
Hotels & Casinos 16%
Apparel 10%
Earth Fare
Groceries
12,986 visits/mo
0.4 miles
Crumbl Cookies
Dining
8,656 visits/mo
0.3 miles
Crowne Plaza Hotels & Resorts Asheville
Hotels & Casinos
7,942 visits/mo
0.5 miles
Plato's Closet
Apparel
4,793 visits/mo
0.3 miles
Jason's Deli
Dining
4,614 visits/mo
0.3 miles
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - RAD-RIV zoning and an active restaurant-rebuild permit support a range of redevelopment concepts.
Where is this commercial land located?
The property is located at 388 Riverside Drive Asheville, NC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 2.29‑acre commercial land parcel with direct French Broad River frontage; Current permit supports rebuilding a restaurant structure on the property; RAD‑RIV zoning
