North West AshevilleNorth Carolina
Less than 15 minutes to downtown Asheville, this area is located in an ideal location of Asheville – much of it without the city taxes!
Head over to the newly completed Silver-Line Park in Woodfin! The park includes a section of greenway, train station and platform for the Craggy Rail Line, playground, pavilion, picnic area, river access, boat ramp and more.
You also have close proximity to the Grove Park Inn and neighborhood, a beautifully historic area centered by the Inn. Enjoy a cocktail in the best sunset location in the city and enjoy dinner at one of their several 5 star restaurants.
In the other direction, enjoy an art stroll in the River Arts District, stopping at any of the many breweries in the area or have lunch at the Asheville staple, 12 Bones BBQ.
A discerning investor will be impressed by this opportunity to add almost 7 acres of gorgeous mountain property with 5 separate parcels and 3 large residences to their portfolio. So many advantages to this hands-off, low-maintenance investment. Ideal location, NNN lease, expansive French Broad River and Mountain Views, high-end single-family residences, future value add potential, 2 possible build sites on additional PINS. Find all of this in an incredible Asheville location just a short drive to the heart of downtown. Tax advantages; in an opportunity zone. A reputable long-term NNN tenant is in place with options through May 2033. Tenants express interest in discussing the option to renew with the new landlord. This sober living investment is safe and stable with the potential for future growth. Expand your horizons and land in the bosom of the blue ridge mountains for your next dream investment. Up the road from Silverline Park. Cap Rate: 6.39%. Inspection report available.