The site is located at Woodrow and Broadway on the blossoming “Broadway Corridor” just a short walk to downtown. This consists of three adjoining lots totaling .58 acres with 121+ feet of prime Broadway frontage.
Neighborhood Corridor District zoning!
encourages medium density, infill projects that are pedestrian friendly
fosters medium density, mixed-use development that is economically viable, pedestrian-oriented and contributing to the place-making character of the built environment.
provides new development and redevelopment opportunities in the form of neighborhood-scaled mixed-use structures that relate to the street, enhance the streetscape, offer services for the surrounding neighborhoods, and provide pedestrian facilities along connector corridors throughout the city and its extraterritorial jurisdiction
allows a wide variety of development possibilities including dwellings, recreational space, community space, offices/business and more
This Site is ideally suited for
doctor/dentist offices, mixed-use office and residential,
condominiums/townhouses, coffee shop, bed-and-breakfast/inn,
bookstore, studio/gallery, child care facilities etc.
This Site is within easy walking distance of downtown Asheville, Greenlife Grocery, the Asheville Botanical Gardens, http://www.ashevillebotanicalgardens.org/ , UNCA campus and the future site of the Health Adventure http://www.momentumscience.org/our_story.php
The Site is across the street from Historic Montford and the Reed Creek Greenway project. This greenway is located along Reed Creek and Broadway Ave. in the Montford neighborhood near downtown Asheville. Reed Creek Greenway will be a one-mile stretch of trail connecting the existing Glenn's Creek Greenway near UNC Asheville to downtown.
The Broadway Corridor is one of the fastest growing areas of development in Asheville. The Pioneer Building is currently under construction on the corner of Broadway and Bordeaux, and there are three more phases of this project in development stretching north to Chestnut Street, just one block from this site. http://www.downtownashevillecondos.com/Pioneer.html
While development and real estate sales have slowed down from previous years, Asheville continues to enjoy a growth in residential real estate prices which were up 2.8% in Feb 08 from the same period last year.
Site currently has three residential buildings with five living units operating as rentals. Potential gross rental income is $4,000/month.
Sale price includes topographical survey, land planning and preliminary architectural design for one vision of development of the properties, as shown in the schematic above. See www.broadwaycommonsasheville.com for a more detailed description of this plan.
Inquiries call (828) 582-1001 or email TenaFrank@charter.net