For Sale
$1,100,000

2236 Us 70 HwySwannanoa, NC 28778

High-traffic location, development potential.

Overview

Added:
Feb 3
Days on market:
64
This exceptional 2.29-acre commercial property in Swannanoa, NC, presents a compelling investment opportunity. Strategically located on US Highway 70, it boasts high visibility and accessibility, with an average daily traffic count of approximately 11,000 vehicles. Its proximity to Interstate 40 (AADT of approximately 50,000) further enhances its appeal. The site is situated just 10-15 minutes from downtown Asheville, offering easy access to a vibrant urban center. The property is also conveniently located within a 10-minute radius of the VA hospital, the scenic Blue Ridge Parkway, and the John B Lewis soccer fields. Two recently constructed multifamily developments (60 and 95 units) are located nearby, indicating strong demand in the area. This makes the property particularly suitable for affordable housing development. While two existing houses are on the property, their value is not included in the asking price and they currently have month-to-month tenants. A sewer line runs along a nearby stream. Please note that a sewer easement exists along Franklin Road. This property offers significant potential for developers and investors seeking a prime location with excellent infrastructure and high traffic volume. The asking price is $1,100,000.

Property Details for 2236 Us 70 Hwy

Property type
Year Built
1940
Lot Size (sq. ft)
99,752 SF

Location Insight

City
Swannanoa
County
Buncombe
State
North Carolina
Latitude
35.59905
Longitude
-82.41219
2236 Us 70 Hwy, Swannanoa, North Carolina

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2236 Us 70 Hwy
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