0 Swannanoa River Road
Asheville, NC 28803
Description
Look Close! This 10.063 acres across seven parcels held under multiple entity ownerships offers the potential for acquisition and redevelopment for multifamily use– affordable, work force, market rate, LIHTC– you decide. Singularly, each ownership segment presents challenges relative to: FEMA’s 50% rule, slope, floodplain and floodway ordinances. Combined, with calculated thought, the door to opportunity is opened for multifamily redevelopment by shifting proposed buildout to the middle of all the conjoined land & taking advantage of the UP, RM8 & RIV zoning (or conditional use rezoning) blending all land tracts under a single use concept! Combined, some development hurdles are potentially mitigated. Resources, grants and low interest loans are potentially available to make this post disaster land opp the rising phoenix! Buyer to conduct all due diligence; by appointment only, buildings occupied– do NOT ride on property; agent must accompany!
Property Details
- Lot FeaturesFlood Fringe Area, Flood Plain/Bottom Land, Green Area, Hilly, River Front, Rolling Slope, Sloped, Steep Slope, Wooded, Views
- Lot DescriptionFlood Fringe Area, Flood Plain/Bottom Land, Green Area, Hilly, River Front, Rolling Slope, Sloped, Steep Slope, Wooded, Views
- Utility FeaturesElectricity Connected, Other - See Remarks
- Sewer InformationPublic Sewer, Other - See Remarks
- Utility SourceCity, Public, Other - See Remarks
- Parking FeaturesDriveway, Other - See Remarks
- ViewCity, Long Range, Mountain(s)
- Property SubtypeUnimproved Commercial
- Parcel Number9648-71-3307-00000
- Original List Price$6,289,400
- Parking TypeDriveway
- Property TypePurchase
- CountyBuncombe
- MLS #4308729
- Cost6289400
- MLS #4308729
- Days on Market (Cumulative)1
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2025-10-03 18:16:05. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Last Updated: . Source: CANOPY
Provided By
Listing Agent: Mark Morris (#CARmamo54803), Email: markmorris@naibeverly-hanks.com
Listing Office: NAI Allen Tate Beverly-Hanks Commercial (#CARNCM100510)
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