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290 Depot St - River Art District - Depot Street

1.31 Acres of Commercial Land Offered at $1,564,343 CAD in Asheville, NC 28801

Investment Highlights

  • River Arts District, Asheville NC
  • Re-Development Opportunity 1.31 Acres

Executive Summary

Prime location in the Heart of Asheville River Arts District (RAD). Excellent re-development opportunity. This area is characterized by an eclectic mix of shop keepers and food & beverages operators in a variety of mixed use buildings. Build heights are limited to 4-5 stories in a walkable pedestrians environment. A broad use of commercial residential uses are allowed. Zoning is RAD-SHP (Shop Front) which encourages maximum levels of pedestrian activity.

Property Facts Under Contract

Price $1,564,343 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Hospitality
  • Restaurant
  • Storefront, Retail or Residential
Total Lot Size 1.31 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $1,564,343 CAD
Price Per AC $1,194,155 CAD
Lot Size 1.31 AC

Under Contract : Still Showing 1.31 Acres located in the Heart of Asheville River Arts District (RAD). Excellent re-development opportunity. Opportunity Zone Located.

Description

Prime location in the Heart of Asheville River Arts Districts (RAD). Excellent re-development opportunity. This area is characterized by an eclectic mix of shop keepers and food & beverages operators in a variety of mixed use buildings. Build heights are limited to 4- 5 stories in a walkable pedestrians environment. A broad use of commercial residential uses are allowed. Zoning is RAD-SHP (ShopFront) which encourages maximum levels of pedestrian activity.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
9648-06-4311-00000
Land Assessment
$825,698 CAD
Improvements Assessment
$100,688 CAD
Total Assessment
$926,386 CAD

zoning

Zoning Code RAD SHP (RAD- SHP https://codelibrary.amlegal.com/codes/ashevillenc/latest/asheville_nc/0-0-0-5420#JD_7-8-19)
RAD SHP (RAD- SHP https://codelibrary.amlegal.com/codes/ashevillenc/latest/asheville_nc/0-0-0-5420#JD_7-8-19)
  • Listing ID: 28251428

  • Date on Market: 2023-04-17

  • Last Updated:

  • Address: 290 Depot St, Asheville, NC 28801

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