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    981 Patton Ave Asheville, NC 28806

    Sponsored
    For Sale
    $735,000

    1.37 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.37-acre commercial land parcel, located at 981 Patton Ave in Asheville, North Carolina (zip code 28806), presents a compelling investment opportunity. The property, identified by APN 9638-28-9174-00000, is zoned HB and offers significant potential for development. Its strategic location just off Patton Avenue provides easy access to downtown Asheville, New Leicester Highway, and Smokey Park Highway, ensuring high visibility and convenient access for businesses and customers. The site benefits from its proximity to a planned large-scale development on the adjacent 17+ acre former KMart site, which is anticipated to include a grocery store and shopping center, further enhancing traffic flow and commercial activity in the immediate area. This location offers the potential for a thriving office or retail development. Adding to its appeal, this property is situated within an Opportunity Zone, potentially offering significant tax advantages for investors. The land's size and location make it an ideal candidate for a variety of commercial ventures, promising strong returns for the discerning investor. Serious inquiries are encouraged to explore the possibilities of this remarkable property.

    Property Features for 981 Patton Ave

    General Information

    Property type
    Land
    Lot Size
    59,677 SF

    HighLights

    • 1.37‑acre commercial land parcel in Asheville, NC (28806), APN 9638‑28‑9174‑00000.
    • HB zoning allows for significant development potential.
    • Prime location off Patton Ave, providing easy access to downtown Asheville and major highways, ensuring high visibility.
    • Adjacent to a planned large‑scale development (grocery store & shopping center), boosting traffic and commercial activity.
    • Located in an Opportunity Zone, offering potential tax advantages.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.59055641497
    Latitude
    35.587483633761

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    FAQs

    What type of property is this?
    Land - 1.37 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at 981 Patton Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: 1.37-acre commercial land parcel in Asheville, NC (28806), APN 9638-28-9174-00000.; HB zoning allows for significant development potential.; Prime location off Patton Ave, providing easy access to downtown Asheville and major highways, ensuring high visibility.
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    Asheville, NC 28806
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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
    981 Patton Ave Asheville, NC 28806
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