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2236 US 70 Hwy

3,496 SF 100% Leased Retail Building Swannanoa, NC 28778 $1,100,000 ($315/SF)

Retail Space North Carolina Swannanoa 2236 US 70 Hwy, Swannanoa, NC 28778

Investment Highlights

  • Corner lot
  • Close proximity to a bus stop
  • Limited amount of steep slope on the property

Executive Summary

+/- 2.29 acre property nearby two recent (60, 95 units) multifamily developments in Swannanoa, NC. Property is located 15-20 minutes from downtown Asheville. This potential affordable housing development site is located outside the city limits of Asheville. Sewer line runs along small stream in front of the two houses. No value placed on houses. Houses have month to month tenants according to the owner. Property is +/- 1 mile from I-40 (AADT of +/- 50,000) and +/- 10 minutes from the VA hospital, the Blue Ridge Parkway and John B Lewis soccer fields. This section of US 70 has AADT of +/- 11,000. Please note that the property has a sewer easement along Franklin Rd.

Attachments

Sale_Brochure-us-70
Deed 2236 us 70
Plat Book 92 , Page 141

Property Facts Under Contract

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Retail
Building Size
3,496 SF
Building Class
B
Year Built
1940
Price
$1,100,000
Price Per SF
$315
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
2.29 AC
Zoning
CS - Commercial
Parking
12 Spaces (3.43 Spaces per 1,000 SF Leased)
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Nearby Major Retailers

Ingles
Starbucks

PROPERTY TAXES

Parcel Number 9689-50-9348-00000 Improvements Assessment $269,100
Land Assessment $309,300 Total Assessment $578,400

PROPERTY TAXES

Parcel Number
9689-50-9348-00000
Land Assessment
$309,300
Improvements Assessment
$269,100
Total Assessment
$578,400
(704) 617-1252

Contact

  • Listing ID: 27963263

  • Date on Market: 3/13/2023

  • Last Updated:

  • Address: 2236 US 70 Hwy, Swannanoa, NC 28778

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2236 US 70 Hwy
(704) 617-1252 x

2236 US 70 Hwy

James Morgan

(704) 617-1252

(704) 617-1252

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