99999 Reynolds Mountain Boulevard - Multi-family or Hotel Site in DDA near I-26
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99999 Reynolds Mountain Boulevard - Multi-family or Hotel Site in DDA near I-26
3.03 Acres of Commercial Land Offered at £785,055 in Asheville, NC 28804
Investment Highlights
- Excellent visibility from I-26 (which has a 52,500 annual average daily traffic count).
- Excellent high-income demographics in immediate vicinity - near Reynolds Mountain Village and Grove Park - Avg. HH income in 28804 = $101,955
- Water and sewer to the site
- Recommended for mainstream brand hotel - immediate area vastly underserved by hotels. Could also be multi-family or retail site.
- Approximately 250 feet of street frontage
- Currently zoned Community Shopping District which provides for a variety of uses
Executive Summary
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
- 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 Facts
| Price | £785,055 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 3.03 AC |
| Property Type | Land |
| Price | £785,055 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 3.03 AC |
1 Lot Available
Lot
| Price | £785,055 | Lot Size | 3.03 AC |
| Price Per AC | £259,094 |
| Price | £785,055 |
| Price Per AC | £259,094 |
| Lot Size | 3.03 AC |
3.03+/- Acres
zoning
| Zoning Code | Community Shopping Distri (Community Shopping District) |
| Community Shopping Distri (Community Shopping District) |
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Don Carver -
National Land Realty
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99999 Reynolds Mountain Boulevard - Multi-family or Hotel Site in DDA near I-26
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