110 River Hills Road

Asheville, NC 28803

$2,600,000
Price
474,804 / 10.9
Lot Size / Acres

Description

City of Asheville approval complete for a 153 unit apartment complex. Opportunity Zone. 10.9 acre +/- high profile parcel at the end of Tunnel Road in the River Hills Shopping Center next to several national retail brands including Dollar Tree, Target, Michaels, Movie Theaters, and Dick's. . Commercial Industrial zoning allows for many uses including retail, hospitality, multi-family, industrial, or mixed use. Site has great visibility from both directions of I-240 with 52,000 VPD. Recently assembled...City of Asheville approval complete for a 153 unit apartment complex. Opportunity Zone. 10.9 acre +/- high profile parcel at the end of Tunnel Road in the River Hills Shopping Center next to several national retail brands including Dollar Tree, Target, Michaels, Movie Theaters, and Dick's. . Commercial Industrial zoning allows for many uses including retail, hospitality, multi-family, industrial, or mixed use. Site has great visibility from both directions of I-240 with 52,000 VPD. Recently assembled to frontage along River Hills Road to give access to upper part of the acreage via 400 feet +/- of road frontage. Completed due diligence items available include: Army Corp wetlands delineation, phase 1, Alta survey, project plans, traffic report, and Geotech.
  1. Listed by Greg Palombi • The Real Estate Center • gp@realasheville.net

Property Details for 110 River Hills Road

Waterfront Features
None

Location

Listing Courtesy of The Real Estate Center
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LISTING UPDATED: 02/08/2024 07:38 AM

Property Details for 110 River Hills Road

StatusActive Under Contract
MLS #3697694
Days on Market619
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Commercial
Year Built-
Lot Size10.90 AC
CountyBuncombe County

Location

Listing Courtesy of The Real Estate Center
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Virtual Tour

Building Information for 110 River Hills Road

Lot Size10.90 AC

Payment Calculator

$14,612 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,189

Property Taxes

$423

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 110 River Hills Road

Summary
Location and General Information
  • Road Frontage Type: City Street, Interstate 1 mile or Less
  • Longitude: -82.518087
  • Latitude: 35.573983
  • Directions: River Hills Road Towards Target. On the left across from Dollar Tree.
Taxes and HOA Information
  • Association: No
  • HOA Subject To: None
  • Tax Assessed Value: $9,999.00
  • Parcel Number: 965842023900000
  • City Taxes Paid To: Asheville
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Open Parking: No
  • Garage: No
Virtual Tour
  • Virtual Tour URL Unbranded: vimeo.com/496658563
Property
Lot Information
  • Elevation: 2000
  • Sq Ft Building Minimum: 0
  • Lot Size Acres: 10.9
  • Lot Size Units: Acres
  • Possible Use: Commercial, Industrial, Multi-Family, Residential
  • Property Type: Land
Property and Assessments
  • Photos Count: 22
  • Road Responsibility: Publicly Maintained Road
  • Senior Community: No
  • Restrictions: Other - See Remarks
  • Restrictions Description: Other
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Underground Utilities
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Road Surface Type: Paved
  • Other Structures: None
Interior Features
  • Habitable Residence: No
  • Foundation Details: None
Rental
Rent Information
  • Lease Considered: No

Property History for 110 River Hills Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 110 River Hills Road

Taxable ValueLand-Additions-Total-
Tax Record2023$5,078 ($423 / month)
Home Facts
Lot Size474,368 SqFtStyleCommercialZoningCICountyBUNCOMBEAPN9658-42-0239-00000

Schools near 110 River Hills Road

This home is within Buncombe County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 12
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
A C Reynolds High
PublicPK to 12

Oakley Elementary
PublicK to 5

A C Reynolds Middle
Public6 to 8

Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Center

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.