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    2236 Us-70 Swannanoa, NC 28778

    Sponsored
    For Sale
    $1,100,000

    2.29 Acres, Prime Location, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.29-acre commercial land parcel presents a unique investment opportunity in Swannanoa, North Carolina. Ideally situated at 2236 US-70, this CS-zoned property boasts high visibility and accessibility, located approximately 15-20 minutes from downtown Asheville and only about one mile from I-40, a major thoroughfare with an average annual daily traffic count of approximately 50,000 vehicles. The property's strategic location also places it within a 10-minute radius of the VA hospital, the scenic Blue Ridge Parkway, and the John B Lewis soccer fields. US-70 itself sees approximately 11,000 vehicles daily. The site's proximity to two recently constructed multifamily developments (60 and 95 units respectively) further underscores its potential for significant development. While two existing houses are on the property, they are not factored into the asking price of $1,100,000 and have month-to-month tenants. A sewer line runs along a nearby stream. Note that a sewer easement exists along Franklin Road. This property, outside Asheville city limits, presents a compelling opportunity for affordable housing development or other commercial ventures. The Buncombe County APN is 9689-50-9348-00000.

    Property Features for 2236 Us-70

    General Information

    Property type
    Land
    Lot Size
    99,752 SF

    HighLights

    • $1,100,000 asking price for 2.29 acres of commercial land.
    • Located at 2236 US‑70, Swannanoa, NC 28778 (APN: 9689‑50‑9348‑00000), zoned CS.
    • Situated approximately 15‑20 minutes from downtown Asheville and near recent multifamily developments.
    • Convenient access to I‑40 (AADT ~50,000), the VA hospital, Blue Ridge Parkway, and John B Lewis soccer fields.
    • US‑70 frontage (AADT ~11,000) with a sewer easement along Franklin Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Swannanoa
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.4122319
    Latitude
    35.5990577

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    FAQs

    What type of property is this?
    Land - 2.29 Acres, Prime Location, High Traffic
    Where is this land located?
    The property is located at 2236 Us-70 Swannanoa, NC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for 2.29 acres of commercial land.; Located at 2236 US-70, Swannanoa, NC 28778 (APN: 9689-50-9348-00000), zoned CS.; Situated approximately 15-20 minutes from downtown Asheville and near recent multifamily developments.
    (828) 365-8855
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    2236 Us-70 Swannanoa, NC 28778
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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
    2236 Us-70 Swannanoa, NC 28778
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