548 Caribou Rd Asheville, NC 28803
- Land
- 10.00 lot acres
Current Use by Public Records
- Land
Property Details for 548 Caribou Rd
- Lot size
- 10.00 lot acres
- Property type
- Land
Description
This exceptional 10-acre development site in Asheville, North Carolina, presents a unique opportunity. Located at 548 Caribou Rd, Buncombe County, zip code 28803 (APN 9657113881), this property is zoned RS4, allowing for a potential 49-lot subdivision by right. The seller is actively pursuing a rezoning effort to increase density, offering significant upside potential. The site boasts three convenient access points from private dead-end streets and benefits from readily available public utilities. This prime location makes it ideal for creating a new community of affordable or modest homes. Note that major subdivisions and rezoning require a Level 3 city review. The status of any ongoing rezoning efforts will be documented before any offer is accepted; the seller will cooperate with rezoning efforts depending on the timing of the sale. This is a rare chance to acquire a large, well-situated parcel within city limits, poised for substantial development. The asking price is $1,325,000.
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
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5259
- Latitude
- 35.5448
