701 Old Fanning Bridge Rd - Sports and Entertainment FOR SALE


Fletcher, NC 28732
$7,800,000 USD
828-243-3610
701 Old Fanning Bridge Rd, Fletcher, NC for Sale
$7,800,000 USD
Sports and Entertainment - FOR SALE
1/27
null | Request Cap Rate

701 Old Fanning Bridge Rd
Fletcher, NC 28732


HIGHLIGHTS

  • 2020 Construction With High Valuation
  • Exceptional Location Within Western North Carolina
  • Long-term Redevelopment Potential

OVERVIEW

An exceptional opportunity to acquire a premier destination property with high and long-term valuation.. This commercial opportunity presents ±23,540 SF on 16.67 acres in the heart of the Asheville–Hendersonville growth corridor, just minutes from Interstate 26 and the airport. Purpose-built in 2020 and rated in excellent condition, this modern two-story facility offers abundant parking and expansive outdoor space, providing flexibility for recreational, hospitality, event, institutional, or adaptive commercial uses, as well as room for expansion and complementary development. The property sits within the Fletcher submarket, one of Western North Carolina's fastest-growing areas, where strong industrial, commercial, and residential growth is fueled by major employers, an expanding population, rising household incomes, and proximity to regional employment centers. This combination of quality construction, strategic accessibility, and long-term redevelopment potential makes the asset well-suited for owner-users, recreational operators, institutional buyers, or investors pursuing adaptive commercial reuse. An independent valuation concluded an "As Is" market value of $7.8 million, underscoring the property's institutional quality and its significance as a one-of-a-kind asset in a high-growth market. Location Description: Strategically located in Fletcher, North Carolina, between Asheville and Hendersonville, the property offers exceptional accessibility within one of Western North Carolina's fastest-growing commercial corridors. Situated just minutes from Interstate 26, Asheville Regional Airport, and major employment centers, the location provides convenient access to regional transportation networks while benefiting from strong population growth, expanding residential communities, and continued commercial investment. Surrounded by nationally recognized employers, retail destinations, and industrial developments, the property is ideally positioned to serve local, regional, and destination users throughout the Southeast.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$377 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

701 Old Fanning Bridge Road, Fletcher, NC 287

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

156

LAND DETAILS

LAND ACRES

16.67 AC

LAND SF

726,145 SF

ZONING

MR-LI

APN/PARCEL ID

0701386

ASK ABOUT THIS PROPERTY

Andrew RiddleWhitney Commercial Real Estate ServicesMore Info
828-243-3610

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Andrew RiddleWhitney Commercial Real Estate ServicesMore Info
828-243-3610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.