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$ 2,400,000
Est. payment | /mo
10.61 Acres Lot
$ 2,400,000
Est. payment | /mo
10.61 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4368284
Lot Size 10.610 Acres
Acres 10.61
Property Sub-Type Unimproved Commercial
Property Description
Introducing a rare 10.61-acre development opportunity in the heart of West Asheville—ideally suited for affordable and workforce housing in one of the region's most supply-constrained and high-demand submarkets. Located within walking distance of Carrier Park, the Wilma Dykeman Greenway—offering direct access to the River Arts District— as well as essential services, transit corridors, and neighborhood amenities along Haywood Road. This site offers the connectivity and livability critical to successful affordable housing communities.
As one of the largest remaining undeveloped tracts in West Asheville, the property offers a unique opportunity to deliver much-needed housing at scale in an area where attainable options are increasingly limited. Conditionally Zoned RM-16 (CZ 08-51-010), the site is entitled under Conditional Zoning Ordinance #3682 (City of Asheville, 2008), allowing for up to 140 multifamily units. Existing entitlements and a prior site plan provide a meaningful head start, helping reduce entitlement risk and accelerate development timelines—key advantages for projects utilizing LIHTC or other funding sources.
The site's natural features, including a small creek and generous open space, create opportunities to incorporate green space, pedestrian connectivity, and community-oriented design elements that enhance resident well-being while aligning with modern affordable housing standards.
Comprised of seven contiguous parcels, the property offers multiple access points via State Street, Short Michigan Avenue, and Amboy Road, allowing for flexible site planning and phased development. All major utilities are available at the site, enabling efficient, cost-effective construction.
With sustained demand for affordable housing, strong municipal support for attainable development, and limited land availability in West Asheville, this offering presents a compelling opportunity for developers, housing authorities, and mission-driven investors to create a high-impact community while leveraging existing entitlements and infrastructure to accelerate execution. Please contact Listing Agent for all showings.
As one of the largest remaining undeveloped tracts in West Asheville, the property offers a unique opportunity to deliver much-needed housing at scale in an area where attainable options are increasingly limited. Conditionally Zoned RM-16 (CZ 08-51-010), the site is entitled under Conditional Zoning Ordinance #3682 (City of Asheville, 2008), allowing for up to 140 multifamily units. Existing entitlements and a prior site plan provide a meaningful head start, helping reduce entitlement risk and accelerate development timelines—key advantages for projects utilizing LIHTC or other funding sources.
The site's natural features, including a small creek and generous open space, create opportunities to incorporate green space, pedestrian connectivity, and community-oriented design elements that enhance resident well-being while aligning with modern affordable housing standards.
Comprised of seven contiguous parcels, the property offers multiple access points via State Street, Short Michigan Avenue, and Amboy Road, allowing for flexible site planning and phased development. All major utilities are available at the site, enabling efficient, cost-effective construction.
With sustained demand for affordable housing, strong municipal support for attainable development, and limited land availability in West Asheville, this offering presents a compelling opportunity for developers, housing authorities, and mission-driven investors to create a high-impact community while leveraging existing entitlements and infrastructure to accelerate execution. Please contact Listing Agent for all showings.
Location
State NC
County Buncombe
Zoning RM16
Interior
Inclusions Land
Exterior
Street Surface Dirt
Building
Lot Description Green Area, Sloped, Creek/Stream, Wooded, Views
Dwelling Type Site Built
Sewer Public Sewer
Water City
New Construction false
Others
Senior Community false
Special Listing Condition None
Virtual Tour https://singlepointmedia.hd.pics/99999-State-St
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by James Diaz • Likewise Commercial Real Estate • jim@likewisecommercial.com