Multi-family or Hotel Site in DDA near I-26

3.03 Acres of Commercial Land Offered at $995,000 USD in Asheville, NC 28804

Asking Price $995,000

Property Type: Land

Listing Contacts

Don Carver

Verified Profile

Property Info

Property Overview

Ideal hotel, office, MF, or retail site near I-26
- Local RevPAR = $147.83/night / Local ADR = $192.35/night
- Immediate area underserved by hotels: .033 rooms per capita
- Immediate zip code has $101,955 avg. HHI
- Excellent visibility from I-26 (52,500 avg. daily traffic count)
- Approximately 250 feet of street frontage w/water+sewer to site
- Developer-friendly local zoning and permitting
- Just two miles from UNC-Asheville campus
- Seller pays NLR commission, buyer pays buyer's broker fee

Property Details

Property Subtype: Commercial

Highlights

Excellent visibility from I-26 (which has a 52,500 annual average daily traffic count).
Recommended for mainstream brand hotel - immediate area vastly underserved by hotels. Could also be multi-family or retail site.
Excellent high-income demographics in immediate vicinity - near Reynolds Mountain Village and Grove Park - Avg. HH income in 28804 = $101,955
Approximately 250 feet of street frontage
Water and sewer to the site
Currently zoned Community Shopping District which provides for a variety of uses

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