0 Swannanoa River Rd
Asheville, NC 28803
Land For Sale · 10.06 AC

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!
SILCO24, LLC 5.003 Acres: Two of 4 lots (0.81 ac) lie between the Swannanoa River and Swannanoa River Rd but may calculate into green space requirements. The proposed 32' RR siding shown on the Silco24, LLC plat was never built. SILCO24, LLC industrial buildings were flooded during Helene but may offer renovation opportunity under FEMA's 50% rule. Combined with CALEDONIA DEVELOPMENT, LLC vacant/unimproved 5.06 acres, the door to opportunity is potentially opened for multifamily redevelopment by shifting proposed buildout to the middle of all conjoined land. Blended under a single use concept, some development hurdles may be mitigated. Buyer to conduct all due diligence.