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290 Depot St - River Art District - Depot Street

1.31 Acres of Commercial Land Offered at £866,470 in Asheville, NC 28801

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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.

CoveStar_290 Depot Street

River Arts District_COA

Property Facts Under Contract

Price	£866,470	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Hospitality Restaurant Storefront, Retail or Residential
No. Lots	1	Total Lot Size	1.31 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£866,470
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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	£866,470	Lot Size	1.31 AC
Price Per AC	£661,427

Price	£866,470
Price Per AC	£661,427
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.

1 of 1

PROPERTY TAXES

Parcel Number	9648-06-4311-00000	Improvements Assessment	£56,557
Land Assessment	£463,798	Total Assessment	£520,355

PROPERTY TAXES

Parcel Number

9648-06-4311-00000

Land Assessment

£463,798

Improvements Assessment

£56,557

Total Assessment

£520,355

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)