G/M Property Group, LLC • Commercial Real Estate Services

FOR SALE1 EDGEWOOD ROAD EXTENSION • ASHEVILLE • NC

SEE INSIDE FOR MORE INFORMATION!

• Prime S. Asheville Development Site• Sweeten Creek Road Access• Public Utilities

±1.94 AcresCommercial Land in Asheville, NC

$499,000

G/M Property Group, LLCCommercial Real Estate Services

1 EDGEWOOD ROAD EXTENSION • ASHEVILLE • NCFOR SALE

The Seller, through G/M Property Group, LLC as it’s exclusive agent, is soliciting offers for the purchase of a ±1.94 acre parcel, located at 1 Edgewood Road Extension, Asheville, NC 28803 (the “Property”).

• Excellent location, easy access, and good visibility off Sweeten Creek Rd.

• Traffic counts: ±18,000 VPD on Sweeten Creek Rd

±31,000 VPD on Hendersonville Rd

• DOT widening of Sweeten Creek Road from 2 to 4 lanes to begin 2022

• Potential for commercial or residential

development next to high-density residential subdivisions

Biltmore Village, Blue Ridge Parkway, The Carolina Shopping Center and numerous other retail, office, industrial and manufacturing companies.

• RM16 Zoning- Residential Multi-Family High Density District.

• ±0.9 mile from Hendersonville Rd ±1.9 mile from I-40 ±5.9 miles from Downtown Asheville

• Exisiting 1,500 SQFT building leased M-T-M (no value attributed)

OFFERING TERMSSeller seeks offers from qualified buyers to acquire the Property. The Property will be conveyed by special warranty deed and is available on an “As Is” basis subject to a short due diligence period.

INVESTMENT HIGHLIGHTS• ±1.94 acres

• Located on Edgewood Road Ext / Sweeten Creek Rd

• Proximate to Biltmore Forest Country Club,

1Edgewood Road ExtEXECUTIVE SUMMARY

Hendersonville Road

Sweeten Creek Road

Biltmore ForestCountry Club

Ascot Apartments

CimarronCondos

Woods EdgeApartments

Stockwood Neighborhood

Commercial Real Estate ServicesG/M Property Group, LLC

1 EDGEWOOD ROAD EXTENSION • ASHEVILLE • NCFOR SALE

PROPERTY ASSESSMENT/TAXES

PROPERTY ASSESSED VALUE JURISDICTION 2017 TAXES RATE/$100

9656-36-7330-00000 $197,600 Buncombe County: $ 1,065.06 $0.5390

City of Asheville: $ 847.51 $0.4289

Total: $ 1,912.57 $0.9679

DEMOGRAPHICS

2017 DEMOGRAPHICS 1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS

POPULATION 3,691 26,586 72,088MEDIAN AGE 39 43 42AVERAGE HOUSEHOLD INCOME $63,335 $75,460 $69,863

PRICE$499,000

GROSS LAND AREA±1.94 acres

PRICE PER ACRE$257,216

LEGAL• Pin #: 9656-36-7330-00000• Deed Bk/Pg: 2002/0133

2017 PROPERTY TAXES$1,912.57

ZONING• RM16- Residential Multi-Family High

Density District

• The district permits a full range of high density multi-family housing along with limited institutional, public and commercial uses appropriate within high density residential areas.

GENERAL DESCRIPTION• Superb development site located on

a key north-south corridor serving affluent south Asheville.

• The Property is located in the Asheville Metropolitan Statistical Area (A-MSA), the economic engine for Western North Carolina (WNC). Asheville is the 10th largest city in the state with almost 93,000 people. It is the regional center for health care, professional services, banking, manufacturing, transportation, and shopping, serving approximately 500,000 people in WNC.

• I-40 and I-26, both major national transportation arteries for shipping and travel, serve the Asheville-MSA.

INVESTMENTSUMMARY

UTILITIESPublic

FLOOD PLAINNone

TOPOGRAPHYSloping- (See GIS Map on page 4)

SITE WORKGravel parking lot±1,500 sf building leased M-T-M

LOCATION• South Asheville• ± 5.9 miles from downtown Asheville

ACCESS• Sweeten Creek Road• Edgewood Road Extension

ROAD FRONTAGE±223’ on Sweeten Creek Rd±319’ on Edgewood Road Ext

SITE DESCRIPTION

GIS AERIALSw

eeten Creek Road

1 EDGEWOOD ROAD EXTENSION • ASHEVILLE • NCFOR SALE

G/M Property Group, LLC • Commercial Real Estate Services

Please contact Jeremy Goldstein or John Menkes at G/M Property Group, LLC

G/M PROPERTY GROUP, LLCP.O. Box 18723Asheville, NC 28814(828) 281-4024

jgold@gmproperty.comjmenk@gmproperty.comwww.gmproperty.com

YOUR COMMERCIAL REAL ESTATE EXPERTS SINCE 2001.

FOR MORE INFORMATION

ADDRESS1 Edgewood Road ExtensionAsheville, NC 28803

GPS COORDINATES34.8953801, -82.087638

LOCATION

All information is from sources deemed reliable. No warranty nor representation is made as to the accuracy thereof and all information above is subject to errors, omissions or change without notice.

SUBJECT

John MenkesJeremy Goldstein