767 New Haw Creek Road, Asheville, North Carolina

767 New Haw Creek Road, Asheville, NC

IN CONTRACT

$3,400,000

Price

$19,200

NOI

6,534 sqft

Building Size

Overview
NOI
$19,200
Building Size
6,534 sqft
Lot Area
26.29 acres
Year Built
1966
Zoning
RS4
Description

25+ acres of buildable land with 5 existing houses in highly desirable Haw Creek! This sought-after estate property features wooded and cleared areas with gentle rolling slopes: hard to find in Asheville these days and very rare in Haw Creek! Taking offers until close of business Friday 8/11/23. Developers: take a look at nearby Trapper's Run and Huntington Chase and long-established Happy Valley as examples of subdivision potential. 5 single family houses have been maintained through the years including roofing, newer plumbing and circuit-breaker panel boxes. Separate 2-bay mechanic's shop features tall bay doors and separate electricity service. Separate, individual storage shed for each house. Zoned RS4. See flood area maps for non-encroach area near New Haw Creek Rd. Please no drive-by's: do not disturb renters. Buyer to confirm all facts as seller is executor of estate, has extremely limited knowledge of the property and has not occupied the property. See residential 4054085

Highlights
  • Large Buildable Land: The property offers over 25 acres of land, providing ample space for potential development projects.
  • Highly Desirable Location: Haw Creek is a sought-after area in Asheville, making it attractive to potential buyers and investors.
  • Wooded and Cleared Areas: The property features a mix of wooded and cleared areas, offering diverse development possibilities.
  • Gentle Rolling Slopes: The property's terrain with gentle rolling slopes is a valuable feature for development, especially in a market where such terrain is hard to find.
  • Existing Houses: There are five single-family houses already on the property, which could provide immediate rental income or renovation potential.
  • Well-Maintained Houses: The existing houses have been maintained over the years, including roofing, newer plumbing, and circuit-breaker panel boxes, reducing immediate renovation costs.
  • Mechanic's Shop: The property includes a separate 2-bay mechanic's shop with tall bay doors and separate electricity service, providing potential commercial or industrial use.
  • Individual Storage Sheds: Each house has its own separate storage shed, providing additional amenities for potential tenants or buyers.
  • Subdivision Potential: Developers can explore subdivision potential based on nearby examples like Trapper's Run, Huntington Chase, and Happy Valley.
  • Zoned RS4: The property is zoned RS4, indicating its suitability for residential development.
  • Flood Area Maps: The flood area maps provide valuable information for identifying non-encroached areas and planning potential development.
  • Offer Deadline: The "taking offers until close of business Friday 8/11/23" creates a sense of urgency for potential buyers to act quickly.
  • Privacy and Respect: The note about no drive-by's and not disturbing renters demonstrates respect for the current occupants and their privacy.
  • It is important to note that potential buyers and investors should conduct thorough due diligence and verify all facts before making any investment decisions. The information provided here serves as a starting point for considering the investment highlights of the property.
Documents
Title
61315.pdf
0_lvzja7jocsk_2.pdf
WEICHERT_Regional_Acknowledgement_Disclosure_signed_by_Buyer_and_Seller_20230724T054019.pdf
WEICHERT_Residential_Property_and_Owners_Assoc_Disclosure_20230725T074210.pdf
WEICHERT_Lead_Based_Paint_Disclsrs_20230725T073813.pdf
WEICHERT_Mineral__amp__Oil_Disclosure_20230725T073454.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery