99999 State Street Asheville, NC $ 2,400,000
99999 State Street
$ 2,400,000
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99999 State Street

Asheville, NC, 28806
$ 2,400,000
Bedrooms-- Baths--

Monthly Estimate*

$ 16,576

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Commercial Property for sale in Asheville, NC

for $2,400,000. The lot size is 10.61.

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. Also listed at MLS# 4370709

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Commercial Active

Price

$ 2,400,000

Property Type

Commercial

Taxes

$ 0

Style

Unimproved Commercial

Lot Size

10.61

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4368284

Features
General
Sewer Public Sewer
Property Subtype Unimproved Commercial
Parcel Number 9638617129 9638611468 9638613183 9638614074 96
Elevation 2000
County Buncombe
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Development Multi-Family Residential Other - See Remarks
Directions From downtown Asheville follow I-240 West to US-19 Business. Take Exit 2 and turn left onto Haywood Road. Take a right on Hanover Street and continue for about .4 miles. Turn left onto State Street a
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://singlepointmedia.hd.pics/99999-State-St https://singlepointmedia.hd.pics/99999-State-St
Standard Status Active
Construction Type Site Built
Restrictions N/A
Tax Assessed Value 1104300
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Exterior
Lot Features Green Area Sloped Creek/Stream Wooded Views
Water Source City
Inclusions Land
Lot Size Area 10.61
Road Surface Type Dirt
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
Road Frontage 1000
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Interior
Basement (Y/N) N
Below Grade Finished Area 0
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Internal Only
Street Number 1 99999
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* Excluded Features
List By
Likewise Commercial Real Estate

Broker

Affordability Calculator

$16,576
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,576
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$2,400,000 Listed Price

Map


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99999 State Street, Asheville, NC, 28806 is a Commercial Property for sale at $2,400,000 with a lot size of 10.61. The property's zip code is 28806 which is in Asheville, NC