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2236 US 70 Hwy 3,496 SF 100% Leased Retail Building Swannanoa, NC 28778 $1,378,330 CAD ($394.26 CAD/SF)
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.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
3,496 SF
Building Class
B
Year Built
1940
Price
$1,378,330 CAD
Price Per SF
$394.26 CAD
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)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9689-50-9348-00000 | Improvements Assessment | $393,559 CAD |
| Land Assessment | $422,043 CAD | Total Assessment | $815,602 CAD |
PROPERTY TAXES
Parcel Number
9689-50-9348-00000
Land Assessment
$422,043 CAD
Improvements Assessment
$393,559 CAD
Total Assessment
$815,602 CAD
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2236 US 70 Hwy
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