99999 State St - Residential LAND FOR SALE


Asheville, NC 28806- Pisgah View462,172 SF
$2,400,000 USD
828-215-9669
99999 State St, Asheville, NC for Sale
$2,400,000 USD
Residential LAND - FOR SALE
1/16
462,172 SF

99999 State St
Asheville, NC 28806
Pisgah View


HIGHLIGHTS

  • Rare opportunity to develop one of West Asheville's largest remaining undeveloped tracts
  • Ideal for multifamily affordable housing
  • Site is entitled under Conditional Zoning, allowing up to 140 units
  • Existing entitlements and site plan provide significant head start for developers
  • Multiple potential access points along State Street, Short Michigan Avenue and Amboy Road

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/ACRE

$226,202/AC

PRICE/SF

$5 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

West Asheville Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units - Condo, Master Planned Community, Single Family Development

LAND ACRES

10.61 AC

LAND SF

462,172 SF

OFFSITE IMPROVEMENTS

-

ZONING

RM-16

APN/PARCEL ID

9638-61-1468-00000,9638-61-3183-00000,9638-61-4074-00000,9638-61-7129-00000,9638-61-7188-00000,9638-61-8217-00000,9638-61-8243-00000

ASK ABOUT THIS PROPERTY

James DiazLikewise Commercial Real EstateMore Info
828-215-9669

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James DiazLikewise Commercial Real EstateMore Info
828-215-9669

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