for sale - loopnet...brewing company, the french broad river and the river arts district (rad)....
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G/M Property Group, LLC • Commercial Real Estate Services
FOR SALEHAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NC
SEE INSIDE FOR MORE INFORMATION!
One Contiguous Acre Assembled Walk to River Arts District
$990,000ENTIRE CITY BLOCKIN WEST ASHEVILLE!
Commercial Real Estate ServicesG/M Property Group, LLC
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
HaywoodRoad Assemblage
EXECUTIVE SUMMARY
• The HR-5: Live-Work sub-district is intended for new residential or live-work buildings.
• ±0.98 acres ideally located between West Asheville and the River Arts District on Haywood Road.
• Sidewalks and bike lanes provide easy pedestrian and bicycle-friendly access to the heart of West Asheville, the River Arts District, Greenway systems along the French Broad River and Downtown Asheville.
• 410’ of road frontage on Haywood Road 100’ of road frontage on Euclid Boulevard 100’ of road frontage on Avon Avenue
• Located just ±1 mile from the heart of Downtown Asheville.
• Strong residential demand, increasing home values and extremely limited supply of in-fill land presents a rare investment opportunity.
OFFERING TERMSSeller seeks offers from qualified buyers to acquire the Property, which will be conveyed by general warranty deed subject to a short due diligence period.
INVESTMENT HIGHLIGHTS• This entire city block consists of 15 separate
parcels that were painstakingly assembled over a number of years.
• Excellent residential or mixed-use development opportunity.
Sustainable Development LLC (the “Seller”), through G/M Property Group, LLC as exclusive agent, is soliciting offers for the purchase of ±0.98 acres on Haywood Road between Avon Avenue and Euclid Boulevard, Asheville, NC 28806 (the “Property”).
Commercial Real Estate ServicesG/M Property Group, LLC
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
2016 PROPERTY ASSESSMENT/TAXES
PROPERTY JURISDICTION RATE/$100
Lots / Parcels: Buncombe County: $0.6040Total Acreage: City of Asheville: $0.4750Avg Size Lot / Parcel: Asheville School District: $0.1500Avg Taxes: Total Rate: $1.2290
TOTAL TAXES: $1,348.28
DEMOGRAPHICS
2016 DEMOGRAPHICS 1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS
Population 8,055 50,705 99,401Median Age 35.1 36.0 38.9Average Household Income $39,330 $51,291 $58,903
PRICE$990,000
GROSS LAND AREA±0.98 acres
PRICE PER ACRE$1,010,204
LEGALDeed Bk/Pg: 4378/1136Deed Bk/Pg: 4536/0787Deed Bk/Pg: 4465/1864
See Parcel Breakdown on Next Page
ZONINGHR-5: Live-Work
The HR-5: Live-Work sub-district is intended for new residential or live-work buildings that address and conform to the steep topography of the area. Live-work buildings in the HR-5: Live-Work subdistrict are pulled up to the sidewalk to encourage pedestrian activity in the area. Residential buildings are set slightly further back from the street. A variety of live-work and residential uses are allowed in thissub-district.
2016 TAXES$1,348.28
UTILITIESPublic Utilities Available
LOCATIONLocated on Haywood Road in West Asheville, a short walk to New Belgium Brewing Company, the French Broad River and the River Arts District (RAD). Downtown Asheville is just up the hill past the traffic circle by way of Clingman Avenue.
GENERAL DESCRIPTIONEntire city block consisting on 15 sepa-rate parcels painstakingly assembled over a number of years.
INVESTMENTSUMMARY
Buncombe County GIS
16 / 15 0.98
0.061 / 0.065$89.88/Parcel
G/M Property Group, LLCCommercial Real Estate Services
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
PARCELS
# PARCEL # ACREAGE 2016 ASSESSED VALUE EST. TAXES
9638-85-18719638-85-18939638-85-28149638-85-28379638-85-29609638-85-29729638-85-29949638-85-39169638-85-39379638-85-39499638-86-30619638-86-30839638-86-30959638-86-40179638-86-4039
1234*56789101112131415
0.070.060.060.120.060.060.060.060.060.060.060.060.060.060.07
$5,500$5,400$5,400
$33,900$5,400$5,400$5,400$5,400$5,400$5,400$5,400$5,400$5,400$5,400$5,500
$67.60$66.37$66.37
$416.64$66.37$66.37$66.37$66.37$66.37$66.37$66.37$66.37$66.37$66.37$67.60
Total # of Parcels: 15Total Assessed Value: $109,700Total Area: 0.98Total 2016 Taxes: $1,348.28Avg. Parcel Size: 0.065/parcel
*This parcel contains two lots.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
WELCOME TO THE NEIGHBORHOOD
Commercial Real Estate ServicesG/M Property Group, LLC
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
ASHEVILLE
RANKINGS• Named #1 Top Destination of 2017 - Lonely Planet, 2016• Ranked #12 out of 200 as a Best Place for Business and Careers - Forbes.com, 2015• Ranked #10 in Best Cities in the US and Canada - Travel & Leisure, 2015• Ranked #2 Best Startup City in America - Popular Mechanics, 2015
RESTAURANTS• Limones• Tupelo Honey• 12 Bones Smokehouse• Biscuit Head• Sunny Point• The Admiral
• Buxton Hall BBQ• Vortex Donut• Owl Bakery• Taco Billy• Zia Taqueria• Chestnutt
• White Duck Taco• Nine Mile• Farm Burger• Universal Joint• All Souls Pizza• Curate
• Gypsy Queen• Corner Kitchen• Bull and Beggar• Rocky’s Hot Chicken Shack• Doc Chey’s Noodle House• Rhubarb
BREWERIES MUSIC VENUES• The Orange Peel• The Grey Eagle• The Mothlight• New Mountain Asheville• U.S. Cellular Center• Asheville Music Hall
ATTRACTIONS• Biltmore Estate• Blue Ride Parkway• The Omni Grove Park Inn• Asheville Tourists Baseball• Folk Art Center• Smoky Mountains
• Wicked Weed• Burial Beer Co.• New Belgium Brewing Co.• Sierra Nevada• Oscar Blues• Green Man Brewery
• Asheville Brewing Co.• Highland Brewing Co.• Catawba Brewing Co.• Twin Leaf Brewery• Wedge Brewing• Hi-Wire Brewing
G/M Property Group, LLCCommercial Real Estate Services
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
34 Haywood Road Form District Asheville North Carolina COUNCIL DRAFT September 9, 2014
2.0. DISTRICTS2.7. HR-5: Live-Work
The HR-5: Live-Work sub-district is intended for new residential or live-work buildings that address and conform to the steep topography of the area. Live-work buildings in the HR-5: Live-Work sub-district are pulled up to the sidewalk to encourage pedestrian activity in the area. Residential buildings are set slightly further back from the street. A variety of live-work and residential uses are allowed in this sub-district.
PURPOSE AND INTENT
Commercial Real Estate ServicesG/M Property Group, LLC
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
Haywood Road Form District Asheville North Carolina 35 COUNCIL DRAFT September 9, 2014
2.0. DISTRICTS2.7. HR-5: Live-Work
STREET CROSS-SECTION
WidthA Pavement width 29'
A Crossing distance 29'
StreetscapeB Sidewalk (min) 6'
C Planting area 5'
TravelwayD Bike lane (one side uphill) 5'
E Travel lane 12'
Specifications Walkway type Sidewalk
Planting type Trees in verge or residential front yards
Parking type --
Bike lane type Striped lane
AB BCC ED D
Commercial Real Estate ServicesG/M Property Group, LLC
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
36 Haywood Road Form District Asheville North Carolina COUNCIL DRAFT September 9, 2014
Lot DimensionsA Lot area (min) 0'
B Lot width (min) 0'
Lot ParametersC Building coverage (max) 80%
D Outdoor amenity space (min) 20%
Building SetbacksA Primary street (min/max)
Residential 10'/20'
Live-work 0'/10'
B Side street (min)
Residential 10'
Live-work 0'
C Rear or side interior (min) 0'
Rear or side abutting alley (min) 5'
Build-to Zone (BTZ)
D Building facade in primary street BTZ (min % of lot width) 70%
E Building facade in side street BTZ (min % of lot width) 35%
Parking LocationOff-street only
No on-site parking between building and street
Garage doors cannot face Haywood Road
1. LOT CRITERIA 2. SITING
2.0. DISTRICTS2.7. HR-5: Live-Work
B
C
D
A
Primary Street Side Street
B
D
A
A
E
C
C
Primary Street Side Street
Commercial Real Estate ServicesG/M Property Group, LLC
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
Haywood Road Form District Asheville North Carolina 37 COUNCIL DRAFT September 9, 2014
Building HeightA Building height, stories max/feet max 3/45'
B Building height, stories min/feet max 2/30'
C Building stepback above 2nd story (min)10' or less from front property line 10'
Over 10' from front property line Not required
Story HeightD Ground story height (min)
Residential 10'
Live-work 12'
E Upper story height (min) 9'
Ground Floor ElevationF Ground floor elevation (min/max)
Residential 0'/8'
Live-work 0'/4'
TransparencyA Ground story, primary (min)
Residential 20%
Live-work 40%
B Upper story (min) 20%
C Blank wall area, primary (max)
Residential 30'
Live-work 15'
Pedestrian AccessD Entrance facing primary street Required
E Entrance spacing along primary street (max) 50'
Building Elements AllowedResidential: awning/canopy, balcony, front porch, stoopLive-work: awning/canopy, balcony, front porch, stoop, courtyard
3. HEIGHT 4. ACTIVATION
2.0. DISTRICTS2.7. HR-5: Live-Work
ABF
ED
A
CCPrimary Street Side Street
C
C
D
E
BA
BA
Primary Street Side Street
Commercial Real Estate ServicesG/M Property Group, LLC
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
WALKING DISTANCE
WESTASHEVILLE
River ArtsDistrict (RAD)
& French Broad
River Park
River ArtsDistrict (RAD)
Westgate Shopping Center
New BelgiumBrewing Co.
SUBJECT
• to River Arts District
• to New Belgium Brewing Co
• to Westgate Shopping Center
• to West Asheville
• to French Broad River Trails
• to French Broad River Park
• to Carrier Park
--------------- 9 min
-------- 9 min
----- 20 min
------------------ 13 min
-------- 5 min
------- 20 min
-------------------- 30 min
FUTURE PLANS FOR CITY OF ASHEVILLE GREENWAY
• The proposed plan will include a network of off-road trails utilizing natural corridors to connect people and places within the city. This will allow for transitional bicycle and pedestrian improvements along roadways.
• Planned greenways accessible near the Property are: - French Broad River Park Greenway - West Bank, 9 miles long - French Broad River Park Greenway - East Bank, 8 miles long• Proposed plan will connect 11 individual greenway systems in the Asheville Area This will total 115 miles of connecting greenways
RAD MAP
French Broad River French Broad River
Commercial Real Estate ServicesG/M Property Group, LLC
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
SHAPERectangular
TRAFFIC COUNTS±8,400 vehicles per day
FLOOD HAZARDNone
TOPOGRAPHYSteep sloping
EASEMENTSNone
DEED RESTRICTIONSNone
UTILITIESPublic Available
ZONINGHR5: Live-Work
LOCATIONLocated on Haywood Rd connecting West Asheville to the River Arts District
SITE AREA±0.98 acres
ROAD FRONTAGE410’ of road frontage on Haywood Rd100’ of road frontage on Euclid Blvd100’ of road frontage on Avon Ave
SITE DESCRIPTION
WEST ASHEVILLE
RIVER ARTS DISCTRICT
New Belgium Brewing
WedgeBrewing
12 BonesSmokehouse
RAD Art Studios
Zia Taqueria
B&BPharmacy
The Admiral
Hall Fletcher Elementary School
Owl BakeryWest AshevilleLounge
Speedy Auto Sales
Urban OrchardCider Co
Taco Billy
Hole Donuts
French BroadRiver Park
Westwood Baptist Church
AshevilleMiddle School
All Souls Pizza
White Duck Taco
SUBJECT
HAYWOOD ROAD BETWEEN AVON & EUCLID • ASHEVILLE • NCFOR SALE
G/M Property Group, LLC • Commercial Real Estate Services
ADDRESSHaywood RdAsheville, NC 28806
GPS COORDINATES35.582199, -82.571876
LOCATION
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
[email protected]@gmproperty.comwww.gmproperty.com
YOUR COMMERCIAL REAL ESTATE EXPERTS SINCE 2001.
FOR MORE INFORMATION
John MenkesJeremy Goldstein
SUBJECT
All information is from sources deemed reliable. No warranty nor representation is made as to the accuracy thereof and all information herein is subject to errors, omissions or change without notice.
SUBJECT