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11 Hazelnut Dr - 4.36+/- acres zoned R2 (12 units per acre)

4.36 Acres of Commercial Land Offered at $575,000 in Asheville, NC 28806

Investment Highlights

  • Zoned R2 (multi-family)
  • Convenient to both I-26 and I-40.
  • Active West Asheville development area
  • Flat-to-gently rolling topo

Attachments

document (49)

Property Facts Under Contract

Price $575,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Single Family Residence
Total Lot Size 4.36 AC

1 Lot Available

Lot

Price $575,000
Price Per AC $131,880.73
Lot Size 4.36 AC

The property is flat gently rolling to steep and mostly wooded. The existing home in the center of the property is given value that is reflected in the price.

Description

Excellent in-fill redevelopment opportunity in hot West Asheville market. Zoned R2 (multi-family). Property lays along a high ridge overlooking I-26 (interstate not seen from most of the property). Near D.R. Horton's new development on Pond Road. Across McIntosh Road from Imagine K-12 Charter School on McIntosh Road. Near Asheville Outlet Mall (Restoration Hardware, JCrew, Banana Republic, etc.). Seven miles to downtown Asheville. The existing home on the property is assigned value. The home is on septic but sewer service is nearby. The property is located on a private drive partially owned by the seller.

zoning

Zoning Code R2
R2
  • Listing ID: 25881824

  • Date on Market: 6/8/2022

  • Last Updated:

  • Address: 11 Hazelnut Dr, Asheville, NC 28806

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