Property profile

99999 Hendersonville Rd Arden, NC 28704

OFF-MARKET
Commercial land
Property ID
US53-1127173
2,505 SF 1 ac lot Built 1974
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5.64-acre commercial parcel presents a rare opportunity in Arden, North Carolina. Situated on the heavily trafficked Hendersonville Road in South Buncombe County, this expansive lot offers unparalleled visibility and accessibility for a wide range of commercial ventures. Its strategic location provides convenient proximity to key transportation arteries, including the Asheville Airport, Interstate 26, and the scenic Blue Ridge Parkway. The property's substantial size allows for significant development potential, catering to businesses seeking ample space and prominent exposure. Furthermore, its close proximity to the renowned Biltmore Estate adds to its desirability and potential for attracting a diverse clientele. The property's size and location make it ideal for businesses seeking high visibility and easy access for customers and employees. This is a prime opportunity to establish a thriving enterprise in a highly sought-after area, benefiting from the strong regional economy and abundant tourism. The expansive acreage offers flexibility in design and development, accommodating a variety of commercial uses. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The asking price is $2,250,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1974
Total area 2,505 SF
Lot 1 ac (43,560 SF)
Zoning code DEED DATE:04/14/2016 DEED
APN 9653-49-9502-00000
UPID US53-1127173

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

99999 Hendersonville Rd Arden, NC 28704
Arden metro Census 2203 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2016
1 recorded transaction
2016
$199,000

Zoning & alternative use

DEED DATE:04/14/2016 DEED · Arden, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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