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    981 Patton Ave Asheville, NC 28806

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    For Sale
    $735,000

    1.37 acre redevelopment site with high traffic and accessibility.

    Property Features for 981 Patton Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1955

    Source: NAI ALLEN TATE BEVERLY-HANKS COMMERCIAL Agent CHRIS MANSFIELD

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Redevelopment Site Near Patton

    This 1.37-acre redevelopment site is located just off Patton Avenue. The property's HB zoning and accessibility to Patton Avenue, which sees over 55,000 vehicles per day, make it suitable for various uses. It is ideally suited for medical or professional office use. The site is located less than a mile from the interstate and a short distance from downtown Asheville, New Leicester Highway, and Smokey Park Highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -82.5895
    Latitude
    35.58785

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    FAQs

    What type of property is this?
    Commercial land - 1.37 acre redevelopment site with high traffic and accessibility.
    Where is this commercial 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 redevelopment site; - HB zoning allows for a variety of uses; - High traffic location: Over 55,000 vehicles per day (VPD) on Patton Ave
    (828) 210-3940
    Request Owner's contact information
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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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