Land•Office•For Sale

981 Patton Ave

981 Patton Avenue, Asheville, North Carolina 28801

Sale Price $1,060,000
Sale Type Owner User
Zoning HB - Highway Business
Annual Taxes $1,535.79
Land Area 1.37 Acres
Improvements The 1.37-acre, level property is located just off of Patton Avenue and close to a plethora of retail shopping, fast food establishments, banking facilities, and adjacent to the K-mart Shopping Center. The subject property is on the "going home" side of Patton Avenue and serves as a primary route to West Asheville, Leicester, and Candler. This location would be ideal for office, medical or small residential condo development.
Land Use Office
Market City of Asheville
Sub-Market Patton Avenue
Legal Descr 1.37-acres referred to as PIN #9638-28-9174 as described in Deed Book 1860 in Book 342 of the Buncombe County registry of deeds.
SVN / BlackStream, LLC is pleased to offer for sale this redevelopment site located in Asheville, NC. QUALIFIED OPPORTUNITY ZONE (QOZ) PROPERTY: This QOZ property enables the investor to: 1. Postpone paying taxes for 10 years. 2. Partial tax exemption on realized gains for 5 years (10%) and 7 years (15%). 3. Gross income exclusion for the post-acquisition gains if held for at least 10 years. This 1.37 acre, site is located on the extremely busy business corridor of Patton Avenue and zoned Highway Business for a wide variety of commercial uses. Located within a mile of the heart of downtown Asheville and I26 / I240; this site is perfect for re-development. With exposure to more than 47,000 vehicles per day, this site is also an ideal location for any retail business that desires a considerable exposure and visibility. *The information contained herein was obtained from sources deemed to be reliable. However, SVN / BlackStream, LLC makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. SVN / BlackStream, LLC recommends a commercial appraisal before listing. This is not a commercial appraisal. The 1.37-acre property is located just off of Patton Avenue and close to a plethora of retail shopping, fast food establishments, banking facilities, and adjacent to the K-mart Shopping Center. The subject property is on the "going home" side of Patton Avenue and serves as a primary route to West Asheville, Leicester, and Candler. This location would be ideal for office, medical or small residential condo development.
  • Adjacent to residential neighborhoods w/ over 21K households within a 3-mile radius
  • Existing structure is given no value but could be renovated
  • QOZ property awards investor huge tax incentives
  • Somewhat walkable and close to public transit
  • Curb cut on Hawkins Lane
  • City water & sewer on site

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Sale Brochure

2/13/2019 7:50:24 PM 2/20/2019 4:01:05 PM

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