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0 Charlotte Hwy
Asheville, NC 28803
Asking Price
$1.50M
Asset Type
Residential Land
Class
Class B
What's Special
<p><strong style="color: rgba(0, 0, 0, 1)">Prime retail or mixed use development site located along US 74A just a short distance off I-40/I-240 (exit 53) & the Blue Ridge Parkway! This "gateway" link connects Fairview, Chimney Rock and Lake Lure with greater Asheville. Road frontage of ~139' along US 74A widens to ~278' a short distance into the site with more than 50% of the site zoned CS (~955' depth) while the remainder (wooded) site extends another ~615' (depth) increasing in elevation to a
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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179
