388 Riverside Drive Asheville, NC $ 2,200,000
388 Riverside Drive
$ 2,200,000
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388 Riverside Drive

Asheville, NC, 28801
$ 2,200,000
Bedrooms-- Baths--

Monthly Estimate*

$ 15,195

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Commercial Property for sale in Asheville, NC

for $2,200,000. The lot size is 2.29.

Rare 2.29-acre riverfront redevelopment opportunity in Asheville’s River Arts District, positioned along Riverside Drive with direct French Broad River frontage and greenway adjacency. This highly visible site offers a unique combination of location, access, scale, and future-use flexibility in one of Asheville’s most recognized creative and commercial corridors. Formerly home to the White Duck Taco Shop River Arts location, the property includes a structure with a current permit in place for restaurant rebuild, creating a meaningful head start for the next chapter of use or redevelopment. Commercial zoning allows for a wide range of possibilities and supports the site’s highest and best use potential. The setting lends itself naturally to hospitality, restaurant, event, outdoor recreation, mixed-use, retail, office, residential-over-commercial, or other creative development concepts. With the French Broad River, greenway, Riverside Drive exposure, and nearby River Arts District amenities all converging here, the property is well positioned for a project that serves both locals and visitors. This is a site where Asheville moves — by foot, bike, paddle, and car — and where thoughtful redevelopment can become part of the continued momentum of the River Arts District. The surrounding area has shown remarkable resilience and renewal, with public and private investment, rebuilding activity, and renewed interest in the river corridor already underway. Buyers seeking a strategic riverfront acquisition in Asheville will recognize the rarity of this offering; minutes to downtown Asheville, the RAD, breweries, galleries, dining, lodging, and outdoor recreation.

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Commercial Active

Price

$ 2,200,000

Property Type

Commercial

Taxes

$ 0

Style

Unimproved Commercial

Lot Size

2.29

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4396739

Features
General
Zoning RAD-RIV
View City Mountain(s) Water Year Round
Property Subtype Unimproved Commercial
Parcel Number 9638-89-2921-00000
Additional Parcels Description 9639-80-1387-00000 and 9639-80-2116-00000
County Buncombe
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial Multi-Family
Directions 370 388 and 420 Riverside Drive Asheville NC. GPS is accurate.
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N Y
Standard Status Active
Construction Type Site Built
Restrictions N/A
Tax Assessed Value 619800
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Exterior
Lot Features Cleared Flood Plain/Bottom Land Level River Front
Inclusions Building
Lot Size Area 2.29
Number of Buildings 1
Road Surface Type Paved
Road Responsibility Publicly Maintained Road
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Interior
Basement (Y/N) N
Below Grade Finished Area 0
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Internal Only
Street Number 1 388
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* Excluded Features
List By
Ivester Jackson Blackstream

Broker

Affordability Calculator

$15,195
Per Month
100%
0%
0%
Monthly Principal & Interest
$15,195
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
7/6/2026$2,200,000 Listed Price

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388 Riverside Drive, Asheville, NC, 28801 is a Commercial Property for sale at $2,200,000 with a lot size of 2.29. The property's zip code is 28801 which is in Asheville, NC