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Investment Highlights

  • Located on the ART bus line
  • Large .5 acre lot
  • Strong long-term demand for residential property in the area
  • Zoned RS-8
  • Established surrounding neighborhood

Executive Summary

This property operated as an adult assisted living home (7 beds) until December 2025. It could also be a prospect for a Day Care, Family Care, pre-school, transitional housing or residential. Only recently vacated, the building is well maintained, in clean condition and sits on a nice, large .5 acre lot. 6 bedrooms, 3 full baths, laundry room, large dining and livings rooms.
The property is zoned RS-8 and is presently classified by the City as an Adult Care Home / Commercial use. Buyers are encouraged to consult with the City of Asheville regarding their intended use.

Property Facts

Price $831,075 CAD
Price Per SF $351.70 CAD
Sale Type Investment
Property Type Specialty
Building Size 2,363 SF
No. Stories 1
Year Built 1974
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
9657-12-4945-00000
Land Assessment
$83,391 CAD
Improvements Assessment
$277,741 CAD
Total Assessment
$361,132 CAD
  • Listing ID: 39340076

  • Date on Market: 2026-02-05

  • Last Updated:

  • Address: 483 Caribou Rd, Asheville, NC 28803

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