$299,000 HALF CITY BLOCK IN WEST ASHEVILLE! ± 0.52 Acres Walk to River Arts District SEE INSIDE FOR MORE INFORMATION!
Haywood Road Assemblage Seller through G/M Property Group, LLC as exclusive agent, is soliciting offers for the purchase of ±0.52 acres on Haywood Road at Riverview Drive, Asheville, NC 28806 (the Property ). EXECUTIVE SUMMARY OFFERING TERMS Seller seeks offers from qualified buyers to acquire the Property, which will be conveyed by general warranty deed subject to a short due diligence period. INVESTMENT HIGHLIGHTS Half city block consisting of 5 parcels / 7 lots. Excellent residential or mixed-use development opportunity. The HR-7 Traditional Community zoning district promotes urban in-fill residential, commercial and live-work development. ±0.52 acres ideally located between West Asheville and the River Arts District on Haywood Road. Sidewalks and bike lanes provide easy pedestrian and bicycle-friendly access to the heart of West Asheville, the River Arts District, Greenway systems along the French Broad River and Downtown Asheville. ±225 road frontage on Haywood Road ±95 road frontage on Riverview Drive Unopened alley on southeast boundary Located just ±1 mile from the heart of Downtown Asheville. Strong residential demand, increasing home values and extremely limited supply of in-fill land presents a rare investment opportunity.
INVESTMENT SUMMARY PRICE $299,000 GROSS LAND AREA ±0.52 acres (by tax card) PRICE PER ACRE $575,000 PRICE PER LOT $42,714 LEGAL Deed Bk/Pg: 5566/383 See Parcel Breakdown on Next Page ZONING HR-7: Traditional Community 2017 TAXES $2,686.03 UTILITIES Public Utilities Available LOCATION Located on Haywood Road in West Asheville, a short walk to New Belgium Brewing Company, the French Broad River and the River Arts District (RAD). Downtown Asheville is just up the hill past the traffic circle by way of Clingman Avenue. GENERAL DESCRIPTION Approximately a 1/2 block consisting of 5 parcels with 7 lots. A preliminary engineering site analysis is available upon request. 2017 PROPERTY ASSESSMENT/TAXES Buncombe County GIS PROPERTY JURISDICTION RATE/$100 # of Parcels: 5 Buncombe County: $0.5390 # of Lots: 7 City of Asheville: $0.4289 Total Acreage: 0.52 Asheville School District: $0.1200 Total Rate: $1.0879 TOTAL TAXES: $2,686.03 DEMOGRAPHICS 2017 DEMOGRAPHICS 1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS Population 8,187 51,450 100,760 Median Age 35.3 36.5 39.3 Average Household Income $40,229 $54,361 $61,799
PARCELS 1 2 3 4 5 # PARCEL # ACREAGE 2017 ASSESSED VALUE EST. TAXES 1 2 3 4 5 9638-86-6374 9638-86-7308 9638-86-7421 9638-86-7464 9638-86-7487 0.19 0.05 0.12 0.11 0.05 $66,700 $300 $62,600 $61,800 $55,500 $725.63 $3.27 $681.02 $672.32 $603.79 Total # of Parcels: 5 Total Assessed Value: $246,900 Total Area: 0.52 Total 2017 Taxes: $2,686.03 Avg. Parcel Size: 0.104 Acres *This parcel contains two lots. WELCOME TO THE NEIGHBORHOOD
ASHEVILLE RANKINGS Named #1 Top Destination of 2017 - Lonely Planet, 2016 Ranked #12 out of 200 as a Best Place for Business and Careers - Forbes.com, 2015 Ranked #10 in Best Cities in the US and Canada - Travel & Leisure, 2015 Ranked #2 Best Startup City in America - Popular Mechanics, 2015 RESTAURANTS Limones Tupelo Honey 12 Bones Smokehouse Biscuit Head Sunny Point The Admiral Buxton Hall BBQ Vortex Donut Owl Bakery Taco Billy Zia Taqueria Chestnutt White Duck Taco Nine Mile Farm Burger Universal Joint All Souls Pizza Curate Gypsy Queen Corner Kitchen Bull and Beggar Rocky s Hot Chicken Shack Doc Chey s Noodle House Rhubarb BREWERIES Wicked Weed Burial Beer Co. New Belgium Brewing Co. Sierra Nevada Oscar Blues Green Man Brewery Asheville Brewing Co. Highland Brewing Co. Catawba Brewing Co. Twin Leaf Brewery Wedge Brewing Hi-Wire Brewing MUSIC VENUES The Orange Peel The Grey Eagle The Mothlight New Mountain Asheville U.S. Cellular Center Asheville Music Hall ATTRACTIONS Biltmore Estate Blue Ride Parkway The Omni Grove Park Inn Asheville Tourists Baseball Folk Art Center Smoky Mountains
River Arts District (RAD) & French Broad River Park SUBJECT WEST ASHEVILLE Westgate Shopping Center River Arts District (RAD) French Broad River New Belgium Brewing Co. French Broad River WALKING DISTANCE FUTURE PLANS FOR to River Arts District --------------- 9 min to New Belgium Brewing Co -------- 9 min to Westgate Shopping Center ----- 20 min to West Asheville ------------------ 13 min to French Broad River Trails -------- 5 min to French Broad River Park ------- 20 min to Carrier Park -------------------- 30 min CITY OF ASHEVILLE GREENWAY The proposed plan will include a network of off-road trails utilizing natural corridors to connect people and places within the city. This will allow for transitional bicycle and pedestrian improvements along roadways. Planned greenways accessible near the Property are: - French Broad River Park Greenway - West Bank, 9 miles long - French Broad River Park Greenway - East Bank, 8 miles long Proposed plan will connect 11 individual greenway systems in the Asheville Area This will total 115 miles of connecting greenways RAD MAP
Westwood Baptist Church New Belgium Brewing SUBJECT White Duck Taco Wedge Brewing RIVER ARTS DISCTRICT 12 Bones Smokehouse All Souls Pizza Asheville Middle School WEST ASHEVILLE Zia Taqueria B&B Pharmacy West Asheville Lounge The Admiral Taco Billy Urban Orchard Cider Co Owl Bakery Speedy Auto Sales Hole Donuts RAD Art Studios Hall Fletcher Elementary School French Broad River Park SITE DESCRIPTION LOCATION Located on Haywood Rd connecting West Asheville to the River Arts District SITE AREA ±0.52 acres ROAD FRONTAGE ±225 of road frontage on Haywood Rd ±95 of road frontage on Riverview Drive SHAPE Rectangular TRAFFIC COUNTS ±8,400 vehicles per day FLOOD HAZARD None - however site is impacted by a stream TOPOGRAPHY Steep sloping UTILITIES Public Available ZONING HR7: Traditional Community
SUBJECT LOCATION ADDRESS Haywood Rd Asheville, NC 28806 SUBJECT GPS COORDINATES 35.583759, -82.570108 All information is from sources deemed reliable. No warranty nor representation is made as to the accuracy thereof and all information herein is subject to errors, omissions or change without notice. FOR MORE INFORMATION Please contact Jeremy Goldstein or John Menkes at G/M PROPERTY GROUP, LLC P.O. Box 18723 Asheville, NC 28814 (828) 281-4024 jgold@gmproperty.com jmenk@gmproperty.com www.gmproperty.com Jeremy Goldstein John Menkes YOUR COMMERCIAL REAL ESTATE EXPERTS SINCE 2001.