Property Description

Introducing a rare 10.61-acre development opportunity in the heart of West Asheville?ideally suited for affordable andworkforce housing in one of the region's most supply-constrained and high-demand submarkets. Located within walkingdistance of Carrier Park, the Wilma Dykeman Greenway?offering direct access to the River Arts District? as well asessential services, transit corridors, and neighborhood amenities along Haywood Road. This site offers the connectivity andlivability critical to successful affordable housing communities. As one of the largest remaining undeveloped tracts in WestAsheville, the property offers a unique opportunity to deliver much-needed housing at scale in an area where attainableoptions are increasingly limited. Conditionally Zoned RM-16 (CZ 08-51-010), the site is entitled under Conditional ZoningOrdinance #3682 (City of Asheville, 2008), allowing for up to 140 multifamily units. Existing entitlements and a prior siteplan provide a meaningful head start, helping reduce entitlement risk and accelerate development timelines?keyadvantages for projects utilizing LIHTC or other funding sources. The site's natural features, including a small creek andgenerous open space, create opportunities to incorporate green space, pedestrian connectivity, and community-orienteddesign elements that enhance resident well-being while aligning with modern affordable housing standards. Comprised ofseven contiguous parcels, the property offers multiple access points via State Street, Short Michigan Avenue, and AmboyRoad, allowing for flexible site planning and phased development. All major utilities are available at the site, enablingefficient, cost-effective construction. With sustained demand for affordable housing, strong municipal support forattainable development, and limited land availability in West Asheville, this offering presents a compelling opportunity fordevelopers, housing authorities, and mission-driven investors to create a high-impact community while leveraging existingentitlements and infrastructure to accelerate execution. Please contact Listing Agent for all showings.

Property Features

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