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Flood-Damaged Storefront Property
For Sale
$250,000

704 Riverside Drive, Asheville, NC 28801

Shell-condition commercial building with partitions, one bathroom, and an included shed or boathouse near the French Broad River.

Property Size3,150 SF
Price / SF$79.37
Days on Market163

Property Features for 704 Riverside Drive

General Information

Standard status Active
Size 3,150 SF
Property subtype Commercial

Building Details

Building Size 3,150 SF
Year Built 1960
Buildings 2
Listing Agency: Pinnacle Lifestyle Realty LLC
Listed By: Matt Jones · License #279516
Source: Techrealtyllc
Added: Feb 19 Changed: Jul 31 Last Checked: Jul 31 at 3:50PM

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 Pinnacle Lifestyle Realty LLC

Investment Insights

Based on property information with market context.

This 3,150-square-foot storefront property, built in 1960, is being offered in shell condition following flooding during Helene. Water levels reached nearly the roofline, and drywall and other interior materials have been removed. The remaining layout includes partitions and one bathroom. The property also includes a shed or boathouse, with railroad tracks located on the property.

The site is next to the French Broad River at Pearson Bridge in North Asheville, with river access upstream from Riverside Park and Taylor's Wave. The Riverlink Gateway Park project runs along Riverside Drive and is planned to link the area with The River Arts District. The property is being sold as-is, subject to court approval and a 10-day upset bid period.

Key Highlights

  • 3,150‑square‑foot storefront property built in 1960
  • Flooded during Helene, with water levels peaking at nearly roofline
  • Interior materials removed; remaining shell includes partitions and 1 bathroom

Property Analytics

Current Use

French Broad Outfitters (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Hair Salon Building Supply Restaurant Auto Repair Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

876
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use

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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Carolina Love Events — 19 Zillicoa St #100, Asheville, NC 28801

Frequently Asked Questions

What type of property is this?
Storefront property - Shell-condition commercial building with partitions, one bathroom, and an included shed or boathouse near the French Broad River.
Where is this storefront property located?
The property is located at 704 Riverside Drive Asheville, NC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3,150‑square‑foot storefront property built in 1960; Flooded during Helene, with water levels peaking at nearly roofline; Interior materials removed; remaining shell includes partitions and 1 bathroom
More about this property
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