2236 Us 70 Hwy Swannanoa, NC 28778
- Commercial real estate
- 2.29 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2236 Us 70 Hwy
- Year built
- 1940
- Lot size
- 2.29 lot acres
- Property type
- Commercial real estate
Description
This exceptional 2.29-acre commercial property in Swannanoa, NC, presents a compelling investment opportunity. Strategically located on US Highway 70, it boasts high visibility and accessibility, with an average daily traffic count of approximately 11,000 vehicles. Its proximity to Interstate 40 (AADT of approximately 50,000) further enhances its appeal. The site is situated just 10-15 minutes from downtown Asheville, offering easy access to a vibrant urban center. The property is also conveniently located within a 10-minute radius of the VA hospital, the scenic Blue Ridge Parkway, and the John B Lewis soccer fields. Two recently constructed multifamily developments (60 and 95 units) are located nearby, indicating strong demand in the area. This makes the property particularly suitable for affordable housing development. While two existing houses are on the property, their value is not included in the asking price and they currently have month-to-month tenants. A sewer line runs along a nearby stream. Please note that a sewer easement exists along Franklin Road. This property offers significant potential for developers and investors seeking a prime location with excellent infrastructure and high traffic volume. The asking price is $1,100,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Swannanoa
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.41219
- Latitude
- 35.59905
