Plot of land For Sale

$400,000

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5315 Asheville

  • – beds
  • – baths
  • – sqft
  • ~2 acre lot
  • on site

Develop up to 20 multifamily units on this 1.53-acre lot under its current zoning. This property is eligible for a Community Development Financial Institutions (CDFI) loan for acquisition and development of housing. Eighty percent funding, rates at 300 basis points below WSJ prime (currently 1%!) and no requirement for subsidized tenants make this an extremely attractive financing option. Contact listing agents for more details.

KAARMLS logo Listing courtesy of KAARMLS / Goldman Partners Realty, LLC

Last checked: Checking… • Last updated Apr 27, 2021 •

MLS# 1148651 —

Amenities & Taxes

The Building

Present Structures:
Residence
House:
5315

Financial & Terms

New Financing:
Cash, Conventional, Exchange, New Loan
Auction:
No
Restrictions:
yes
Sale Options:
Exchange, Fee Simple

Location

Directions:
Take I-40 to Asheville Hwy, property is on right.
Geo Latitude:
36.009177
Geo Longitude:
-83.845964

The Property

Property Type:
D
Property Sub-Type:
Commercial
Lot Description:
Corner, Irregular
Lot Size Acres:
1.53
Lot Dimensions:
274 Sqft
Developmental Potential:
Commercial, Multi-Family, Other
Improvements:
Utilities on Site
Topography:
Partially Cleared
Zoning:
Zoned Office
Easements:
None
Road Frontage:
City, County, Paved, State
Road Access:
Interstate Access, Public Road, U.S. Highway

Listing Agent

Contact info:

Taxes

Total Taxes:
$847
City Taxes:
$455

Utilities

Utilities Available:
Cable TV, Electricity, Gas, Sewer, Telephone, Water
PUD:
No

Schools

Rating Details

Chilhowee Intermediate School

  • Public
  • K-5
  • 0.3 mi

Holston Middle School

  • Public
  • 6-8
  • 0.7 mi

Austin East High School

  • Public
  • 9-12
  • 2.5 mi

Sunnyview Primary School

  • Public
  • K-5
  • 2.7 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

Flood likelihood over time

year probability
1y 0%
5y 2%
10y 3%
15y 5%
20y 6%
25y 8%
30y 9%

Because risk accumulates over time, this property has a 9% chance of flooding within the next 30 years.

Provided by Flood Factor®

Flood Insurance

Recommended: MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.

Get an instant insurance quote

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WalkScore®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Loud Moderate Quiet

Sale history

Date Event Source Price % Change
4/9/21
Listed / Active KAARMLS $400,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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5315 Asheville
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