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    272 Biltmore Ave Asheville, NC 28801

    Sponsored
    For Sale
    $1,995,000

    Asheville, NC development opportunity. 0.8 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.8-acre land parcel presents a remarkable investment opportunity in the vibrant city of Asheville, North Carolina. Located at 272 Biltmore Avenue, this property boasts a prime location, offering convenient access to downtown Asheville, the South Slope district, and the Medical District. The property is zoned RB, providing flexibility for a variety of development projects. Complete architectural plans are included for a substantial 49-unit multifamily structure/condo development, streamlining the approval process and minimizing pre-construction delays. This comprehensive design provides a clear vision for maximizing the property's potential. The property's 0.8-acre lot size offers ample space for this ambitious project, ensuring sufficient room for amenities and parking. The Buncombe County location, with APN 9648-43-4735, provides further verification of the property's details. The asking price for this exceptional development opportunity is $1,995,000. This is a rare chance to acquire a ready-to-develop site in one of Asheville's most desirable areas. Don't miss this chance to capitalize on the thriving Asheville real estate market.

    Property Features for 272 Biltmore Ave

    General Information

    Property type
    Land
    Lot Size
    34,848 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Bill Ramsey & Associates, ... Property Management Company Rival Construction, Inc Construction Company

    Suggested Use

    Restaurant Dental Office Realty agency Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Daycare Center Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.551400513357
    Latitude
    35.585109490374

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    FAQs

    What type of property is this?
    Land - Asheville, NC development opportunity. 0.8 acres.
    Where is this land located?
    The property is located at 272 Biltmore Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $1,995,000.
    (828) 210-3940
    Request Owner's contact information
    272 Biltmore Ave Asheville, NC 28801
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    Asheville, NC 28801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    272 Biltmore Ave Asheville, NC 28801
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