12-14 Airport Rd, Arden, NC 28704
This exceptional commercial land offering presents a unique investment opportunity in Arden, NC. Comprising three contiguous parcels totaling 4.68 acres, this property boasts an enviable location on high-traffic Airport Road, providing over 400 feet of highway frontage. The land is zoned Highway Business and is ready for immediate development. All utilities are readily available on-site, simplifying the development process. The strategic location near a major intersection ensures excellent visibility and accessibility, benefiting from the high volume of traffic generated by nearby national retailers such as Target and Walmart. The property's proximity to Asheville Regional Airport (the fourth largest in North Carolina) and Sierra Nevada Brewery, a regional landmark, further enhances its appeal. The potential for subdivision allows for flexibility in development plans, accommodating projects ranging from one acre to the entire 4.68 acres. A secondary access point on Buck Shoals Road offers additional logistical advantages. This is an exceptional opportunity to capitalize on the growth and development occurring in this thriving area of Arden. The asking price is $2,400,000, representing $1.2 million per acre.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.